The OECD predicts South Korea's potential growth rate will hit a record low in 2027

On June 7, according to Yonhap News Agency, the Organization for Economic Cooperation and Development (OECD) said on Sunday that although the prosperity of the semiconductor industry has driven strong growth in South Korea's exports, South Korea's potential growth rate is expected to fall to a record low next year. The latest OECD data shows that South Korea's potential economic growth rate in 2027 will be 1.52%, a significant drop from this year's 1.66%. On a quarterly basis, South Korea's potential economic growth rate is expected to fall further to 1.46% in the fourth quarter of next year. If that happens, it will be the first time since the OECD began publishing such data that South Korea's expected potential growth rate has dropped below 1.5%.