Citi: South Korea's GDP growth may slow in 2025, and the central bank may cut interest rates three more times

According to Mars Finance news, Citigroup analysts Jin-Wook Kim and Jiuk Choi wrote in a report that South Korea's GDP growth this year might be weaker than expected due to low economic activity in the first quarter and new tariffs taking effect in the United States in April. Analysts said that the delay in fiscal stimulus measures could also drag down the country's GDP growth. They lowered their GDP growth forecast for South Korea in 2025 from 1.2% to 1.0%. The government may compile an additional budget of 10 trillion won in the second quarter, followed by an additional budget of 20 trillion won in the third quarter to support the economy. They added that the central bank might cut interest rates three times this year - possibly in May, August, and November.