Korea Economic Daily

JP Morgan, Growth Rate Revised Down from 0.7% to 0.5% Could Be Further Reduced Depending on US Tariff Negotiations Second Supplementary Budget by New Government Also a Variable Concerns are growing that Korea's annual growth rate will remain at 0% as

Further Downgrade from 0.9% to 0.7% on the 8th Global investment bank JP Morgan has once again lowered its forecast for South Korea's GDP growth rate this year on the 24th. Following the downgrade from 0.9% to 0.7% on the 8th, it was further lowered

Scott Besant, the U.S. Treasury Secretary, demanded that the World Bank and the International Monetary Fund (IMF) stop supporting China. He made this statement as a speaker at the International Finance Institute (IIF) Global Outlook Forum held at the

"High Tariffs Unsustainable" Scott Besant, the U.S. Treasury Secretary, stated over two days that the high tariffs on China are not sustainable. There is an assessment that the phase of U.S.-China conflict, which began in earnest when U.S. President

Domestic Concerns Over 'No Agreement Before Elections' As the '2+2 Trade Talks' between Korea and the US, which could lower mutual tariffs, enter the final countdown, there is growing speculation that three factors could emerge as variables: Presiden

Ongoing Controversy Over the Legality of Tariff Imposition Twelve states in the U.S., including New York, have filed a lawsuit demanding the cessation of President Donald Trump's tariff policies. According to an AP news report on the 23rd (local time

The New York stock market rose as US President Donald Trump took a conciliatory approach to tariff policies and demands for interest rate cuts from the central bank. Now, the three major indices have only 5-6% of the losses left compared to the closi

◆Supreme Court en banc, second hearing on Lee Jae-myung case The Supreme Court en banc will hold its second session today, the 24th, to review and examine the issues in the case of Lee Jae-myung, former leader of the Democratic Party of Korea, accuse

U.S. President Donald Trump reiterated on the 23rd (local time) that he might lower the tariff rates on Chinese imports. President Trump, when asked by reporters in the Oval Office about how quickly he could lower the tariffs on China, replied, "That

Relief from concerns about the Fed and expectations for improved Sino-American relations 10-year U.S. Treasury yield plummets by 13bp Apple, Nvidia, Tesla and other China-related tech stocks rise sharply Thanks to President Trump's change of stance,

Asian Stock Markets Rise in Unison on Eased U.S.-China Trade Tensions Gold Prices Plummet, U.S. Long-term Treasury Yields Fall U.S. President Trump stated that he has no plans to dismiss Jerome Powell, the Chairman of the Federal Reserve Board, and h

IMF, if the tariff war continues US faces 'supply shock' leading to inflation + slowdown China faces 'demand shock' leading to deflation + recession "Based on China's lack of respect for the global market, we will immediately raise the reciprocal tar

Donald Trump Jr., the son of former U.S. President Donald Trump, is reportedly visiting South Korea next week at the invitation of Chung Yong-jin, Chairman of Shinsegae Group, to meet with domestic business leaders. According to business circles, Tru

Blaming the Media While Evolving... Still Demanding Rate Cuts Evercore ISI "If Dismissal Was Enforced, It Could Have Led to a Fiscal Crisis" President Donald Trump, who has been strongly pressuring for a rate cut by hinting at the possibility of dism

Besant High Tariffs "Not Sustainable" U.S. President Donald Trump has indicated that he may lower the tariff rates on China. The burden of maintaining high tariffs on China, which reach at least 145%, has increased. He also retracted his statement ab

The New York stock market broke its downward trend and rebounded collectively. This is attributed to the optimism that the trade negotiations between the US and China will make progress. On the 22nd (local time), the Dow Jones Industrial Average clos

Outlook for This Year Drops from 2% to 1% in Three Months US Down by 0.9%P, China by 0.6%P The International Monetary Fund (IMF) has revised down South Korea's economic growth forecast for this year from 2% to 1%. Amidst a series of downward revision

Japan's Response Watched Ahead of U.S. Pressure for Yen Appreciation "Japan Faces Dilemma in Raising Interest Rates or Selling U.S. Treasuries to Buy Yen" As confidence in U.S. assets wanes, the yen has strengthened beyond the psychological level of

Trust in US Assets Plummets Amid Trump's Fed Threats, Sustained Gold Demand Gold Prices Enter Overbought Territory with Continuous Surge Concerns that President Trump might dismiss Federal Reserve Chair Jerome Powell have triggered a sell-off in US s

High Tariffs Impacting Economy... 'Powell's Responsibility' Continues to Ignite "Recession Will Come If Rates Aren't Cut Immediately" Increasing Pressure for Rate Cuts If Tariff Side Effects Cause Inflation 'Blame Powell for Not Cutting Rates in Time

Interview with David Rosenberg, Founder of Rosenberg Research "If Trump Fires Chairman Powell, the Financial Market Shock Will Be Significant" "China Has Greater Tolerance for Pain Than the US... Will Endure Longer" "Not only in the bond vigilantes b

Amid ongoing uncertainty in U.S. tariff policy and President Donald Trump's repeated pressure for interest rate cuts, market anxiety has increased, leading to the spot gold price reaching $3500 for the first time ever on the 22nd (local time). Accord

Chief Cabinet Secretary Does Not Deny Japan in Cautious Mode Ahead of Elections The Japanese government, which has entered into tariff negotiations with the United States, is expected to propose a non-tariff barrier improvement plan at the Japan-U.S.

JETRO, Tariff Impact Analysis US GDP expected to decrease by 5.2% in 2027 There is a claim that the country most affected by US President Donald Trump's tariff policy is none other than the United States itself. While the impact on South Korea and Ja

Trump pressures Chair Powell for rate cut Criticisms like 'Mr. Too Late' pour out U.S. President Donald Trump criticized Jerome Powell, the Chairman of the Federal Reserve (Fed), as a "major loser" while repeatedly pressuring for a rate cut. On the 2

Major indices in the New York stock market plummeted. As U.S. President Donald Trump pressured Jerome Powell, the chairman of the U.S. Federal Reserve (Fed), shaking the independence of the central bank, investors were seen withdrawing money from the