Citi: South Korea's GDP may be affected by US tariffs and domestic fiscal tightening

CoinVoice has recently learned that according to Jinshi, Citigroup economists Jin-Wook Kim and Jiuk Choi said that South Korea's GDP growth in the next few years may be affected by the imposition of tariffs during Trump's second term as US president and the tightening of domestic fiscal spending in South Korea.

Citigroup lowered its GDP growth forecast for South Korea to 1.6% in 2025 and 2026 from 1.8% and 1.7%, respectively. Economists pointed out that Trump's promised tariffs on Canada, Mexico and China may affect South Korea's GDP growth through the export channel. The South Korean government is likely to formulate a 30 trillion won supplementary budget in the first quarter, while the Bank of Korea is likely to further cut interest rates. [Original link]