"The global economy is falling into an extreme downturn. Our economy with high dependence on foreign trade is suffering a tsunami-like shock. are in a dark tunnel with no end in sight," Moon said during the fourth weekly meeting of the emergency economic council, according to the presidential Blue House.
South Korea's export fell 0.2 per cent in March from a year earlier, after growing 4.3 per cent in February. The export was forecast to slide rapidly in April. People here refrained from outside activities such as travelling, shopping and eating-out amid the fears of infection, hitting hardest the self-employed and microbusiness owners.
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