The Asian Development Bank revised down South Korea's economic growth forecast for this year to 0.8%.

According to the Ministry of Planning and Finance of South Korea on July 23rd, the Asian Development Bank released a supplementary report on "Asia Economic Outlook 2025", lowering South Korea's economic growth forecast for this year to 0.8%. The ADB also lowered South Korea's economic growth forecast for next year by 0.3 percentage points to 1.6%, and maintained South Korea's inflation forecast for the next two years at 1.9%.