Posted inSouth Korea

South Korea’s GDP to shrink faster: central bank

South Korea’s economic contraction will worsen in the current quarter, the central bank forecast Tuesday, as the coronavirus outbreak hits consumer demand and economic activity even harder. The Bank of Korea predicted the world’s 12th-biggest economy will shrink at least 2.0% in the April-June period over the previous three months. It already declined 1.3% quarter-on-quarter […]

%d bloggers like this: