Bank of Korea expects world's Q4 GDP growth to slow down
- 4 years ago
한은 "4분기 세계 경제성장률 개선 속도 느려질 것"
COVID-19 is expected to continue to impact most economies in the fourth quarter of this year, according to the Bank of Korea.
In a weekly publication on Saturday, the central bank said global GDP will likely "slow down" in the last three months of 2020... as the pandemic continues to take a toll on service consumption, employment, trade and investment.
The report added that while product consumption might pick up in major economies,... services are unlikely to recover significantly before scientists develop a vaccine or reliable treatments for COVID-19.
COVID-19 is expected to continue to impact most economies in the fourth quarter of this year, according to the Bank of Korea.
In a weekly publication on Saturday, the central bank said global GDP will likely "slow down" in the last three months of 2020... as the pandemic continues to take a toll on service consumption, employment, trade and investment.
The report added that while product consumption might pick up in major economies,... services are unlikely to recover significantly before scientists develop a vaccine or reliable treatments for COVID-19.