# South Korea's Economic Outlook 2021–22 | Post

> Scotiabank expects South Korean real GDP to grow 3.6% in 2021 and 2.7% in 2022, supported by electronics exports and expansionary fiscal policy. Inflation is expected to stay elevated in coming months largely because of base effects before settling near the central bank's 2% target. The economy contracted only 1% in 2020 and output has passed its pre-pandemic level.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/47321-south-korea-s-economic-outlook-2021-22-post
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Stronger domestic demand supports Korean animal protein and feed consumption over the forecast period. The impact on feed commodity prices is modest and gradual.

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.international-economics.asia-pacific.south-korea-s-economic-outlook-2021-22--may-6--2021-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.