FILE PHOTO: Pedestrians in face masks cross a street, amid the spread of the coronavirus disease , in Seoul, South Korea, May 28, 2020. REUTERS/Kim Hong-Ji
However, analysts and policymakers are looking at the prospect of a recovery that would be faster than those of its regional peers. Exports, which account for nearly 40% of the economy, were the biggest drag on growth, dropping by 16.6% on-quarter to mark the worst reading since 1963. “While consumer spending should gradually recover, the threat from the virus is unlikely to fade entirely and some social distancing will probably have to remain in place,” Capital Economics Asia Economist Alex Holmes said.South Korea has reported almost 14,000 infections and around 300 deaths since the start of the outbreak, relatively low numbers by global standards although the economic disruptions have been significant.Output from manufacturing and the service sector fell by 9.0%, and 1.
FILE PHOTO: A woman wearing a mask looks at her mobile phone amid social distancing measures to avoid the spread of the novel coronavirus, in Myeongdong shopping district in Seoul, South Korea, May 28, 2020. REUTERS/Kim Hong-Ji//File Photo
ckim170 JooriRoh 😖😖😖
ckim170 JooriRoh If nearly all deaths r Covid-19 deaths, shouldn't nearly all economic decline be 'Covid-19 Adjusted Economy'? It
ckim170 JooriRoh Every country in the world has and will continue for the next few years.
ckim170 JooriRoh
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