Citigroup: South Korea's GDP growth may slow down in 2025, Central Bank may cut interest rates three more times.

Jin10 data reported on April 1st that Citigroup analysts Jin-Wook Kim and Jiuk Choi wrote in a report that due to sluggish economic activity in the first quarter and new tariffs taking effect in the U.S. in April, South Korea's GDP growth this year may be weaker than expected. Analysts said that delays in fiscal stimulus measures could also weigh on the country's GDP growth. They lowered South Korea's GDP growth forecast for 2025 from 1.2% to 1.0%. The government may draft an additional budget of 10 trillion won in the second quarter and an additional budget of 20 trillion won in the third quarter to support the economy. They added that the Central Bank may lower interest rates three more times this year - possibly in May, August, and November.