South Korea January-March GDP growth rate Low level since 2008 Corona impact on April 24 11:47
South Korea's preliminary figures for GDP = Gross domestic product from January to last month showed a growth rate of minus 1.4% compared to the previous 3 months, due to the spread of the new coronavirus infection. It has become a low standard.
The Bank of Korea, the central bank of South Korea, announced on the 23rd that the GDP preliminary figures from January to last month showed that the real growth rate excluding price fluctuations was minus 1.4% compared to the previous three months. was.
This is the lowest level since October-December 2008 when the Lehman shock hit the ground.
Of these, personal consumption fell sharply to minus 6.4% compared to the previous three months, and the Bank of Korea analyzed that the spread of the new coronavirus infection had drastically reduced economic activity centered on personal consumption. I am.
He added that he was worried about the future, saying, "Job employment has deteriorated significantly last month. This is likely to continue and will have a negative effect on domestic demand again."