Goldman Sachs raises South Korea GDP growth forecast and increases terminal policy rate projection to 3.25%

Goldman Sachs has raised its forecast for South Korea's real GDP growth to 2.7% in 2026 and to 2.3% in 2027, expecting AI-driven surpluses to push total exports beyond 10 thousand billion USD, with a current account surplus reaching a historic high of about 15% of GDP. Additionally, the terminal policy rate forecast has been increased from 3% to 3.25%.