Bank of America sharply lifts Korea outlook on AI chip boom

Bank of America has sharply raised its 2026 growth forecast for South Korea, citing an artificial intelligence-driven semiconductor boom that it said is strong enough to lift exports, investment, consumption and government revenue. The bank upgraded its 2026 GDP growth forecast for Korea to 3.1 percent from its previous estimate of 1.9 percent, calling the revision a clear shift to above-trend expansion, according to its report released Tuesday. It also raised its current account surplus proje
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