Business · Economy · 2 hrs ago

South Korea to release household debt and growth figures next week

South Korea to release household debt and growth figures next week

South Korea is due to release several economic indicators and forecasts for the week of November 16 to 20.

The Bank of Korea will publish its estimate of household credit for the third quarter, after the total passed 2,000 trillion won at the end of the second quarter.

Because household loans grew across financial institutions in the third quarter, the new total is expected to be higher.

The debt-to-GDP ratio could still fall if the economy’s nominal output rose sharply, as the source expects.

The IMF will brief on its annual consultation with South Korean authorities, and the government-funded KDI will issue an updated economic outlook; KDI previously raised its 2026 growth forecast to 3.2%.

The new figures and forecasts will show how debt and growth are changing, and what the institutions expect for the economy next year.

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