South Korea upgrades GDP growth forecast to 4%, fastest in decade

Central bank holds key rate at 0.5% but vows 'not to be late' on normalizing

20210527 south korea exports

South Korea's central bank sees the economy growing at its fastest clip since 2010 thanks in part to brisk exports. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- South Korea's central bank on Thursday upgraded its economic growth forecast for this year to 4%, reflecting a speedy recovery in exports and corporate investment as well as improvements in private consumption and employment.

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