The International Monetary Fund(IMF) has maintained its economic growth forecast for South Korea for this year at two-point-seven percent even as it noted that the nation's exports are improving.
 
It attributed the freeze to weak consumption and political uncertainty stemming from the president's ouster which has led to an early election.
 
In a report on economic prospects on the Asia Pacific region released on Tuesday, the IMF said it expects South Korea's growth to remain tied up at its earlier estimate due to weak consumption despite an improvement in exports.
 
In its latest World Economic Outlook report released last month, the IMF had raised South Korea's GDP growth estimate for this year by one-tenth of a percentage point.
 
The IMF estimated China's growth for this year at six-point-six percent while it forecast that Japan would grow one-point-two percent.