S. Korean economy faces increasing downside risks due to COVID-19
- 4 years ago
5월 그린북 "코로나19로 내수•고용•수출 등 실물경제 하방위험 확대"
South Korea's economy is facing increasing downside risks due to the impact of COVID-19.
According to the finance ministry's monthly green book released on Friday,... job markets were affected by lower consumption,... while exports continued to fall.
Markets have somewhat stabilized,... but concerns linger over the global downturn.
New job numbers in April were down over 476-thousand from a year ago.
Consumption fell as department store sales plummeted amid a collapse in the number of Chinese tourists.
South Korea's economy is facing increasing downside risks due to the impact of COVID-19.
According to the finance ministry's monthly green book released on Friday,... job markets were affected by lower consumption,... while exports continued to fall.
Markets have somewhat stabilized,... but concerns linger over the global downturn.
New job numbers in April were down over 476-thousand from a year ago.
Consumption fell as department store sales plummeted amid a collapse in the number of Chinese tourists.