South Korea's GDP growth this year may be weaker than expected due to sluggish economic activity in the first quarter and new tariffs that came into effect in April, Golden Finance reported. Analysts say the delay in fiscal stimulus measures could also drag down the country's GDP growth. They lowered South Korea's GDP growth forecast for 2025 from 1.2% to 1.0%. The government may prepare an additional budget of 20 trillion won in the third quarter to support the economy after preparing an additional budget of 10 trillion won in the second quarter. They added that the central bank could cut interest rates three more times this year — possibly in May, August and November.