Korea s economy in 2023 is forecast to grow by 1.4 percent, down from the country s estimated growth of 2.7 percent in 2022, in the midst of a prolonged global economic slowdown that will affect trade-reliant economies in Asia, a senior economist at S&P Global Ratings said Wednesday. S&P s 2023 growth outlook for Korea is lower than forecasts from other entities in and outside Korea, such as 1.7 percent by the Bank of Korea (BOK), 1.8 percent by the OECD, 1.9 percent by Fitch and 2 percent by Moody s and the International Monetary Fund (IMF).
Market imperfections strongly influence the volume of greenhouse gas emissions, which is a key driver of climate change. While governments should lead climate policies in the first place, a broad coalition of actors across society, including central banks, needs to contribute to transition to a carbon-neutral economy in a timely and orderly fashion. The ECB’s mandate states