<Anchor>

Overnight, a UN report was released that analyzed how badly Corona19 would affect the world economy. Global exports are estimated at 59 trillion won, and Korea's exports are estimated at 4 trillion won.

This is reporter Kim Ji-sung.

<Reporter>

The UN Conference on Trade and Development issued a report analyzing the impact of Corona19 on trade.

China's manufacturing index last month hit its lowest level since 2004.

That's because manufacturing has almost ceased as China has put in place a massive containment policy to prevent the spread of Corona19.

China's decline in production is expected to affect global trade.

Global exports are estimated at $ 50 billion, about 59 trillion won in our money.

[International Trade Bureau, Coke Hamilton / United Nations Trade and Development Conference: As a result, there will be a ripple effect on the global economy as a whole, resulting in a $ 50 billion reduction in global exports.]

By country, the EU was the most affected at 18 trillion won, followed by the US, Japan and South Korea.

Korea's export decline was estimated at 4 trillion won.

The International Monetary Fund, the IMF, expects global economic growth this year to be below last year's level.

[Georgia Governor / IMF President: This year's global growth will fall below last year's level.]

Concern over the global economic slowdown, the Bank of Canada, following the US Federal Reserve yesterday, has cut its interest rate by 0.5 percentage points.