<Anchor> As

the economic impact of Corona 19 continued, the Korean economy recorded a negative 3% growth in the second quarter. It is the lowest level in 22 years since the financial crisis.

This is reporter Yoo Duck-ki.

<Reporter>

Korea's economic growth rate in the second quarter was 3.3% minus the previous quarter.

This is the second consecutive quarter of negative growth following the negative of 1.3% in the first quarter.

The growth rate for the second quarter is the lowest level in 22 years since 1998, the time of the foreign exchange crisis.

Also, compared to the same period last year, negative 2.9% reverse growth is also the lowest since the foreign exchange crisis.

This negative growth rate is explained by the impact of exports hit by the global economic downturn following Corona19.

Exports plunged 16.6%, the lowest level in 56 years and 6 months since 1963.

Imports also fell 7.4%, mainly on crude oil.

Equipment investment and construction investment also decreased by 2.9% and 1.3%, respectively.

However, private consumption increased 1.4% mainly from durable goods such as passenger cars and home appliances, thanks to the emergency disaster support fund.

Government consumption also increased by 1% with increased spending on goods.

Looking at production by industry, manufacturing and agriculture, forestry and fisheries decreased by 9.7%, and the service industry decreased by 1.1% due to sluggish wholesale, retail, lodging, and transportation industries.

The real gross domestic product GDI also grew minus to 2%.

Deputy Prime Minister Hong Nam-ki said, "We will try to make a rebound in the second half from the third quarter by returning to the peak of quarantine in the first quarter and the bottom of the economic damage in the second quarter."