International credit rating agency Fitch announced on the 21st (local time) that it has maintained Korea's national credit rating at AA- and its rating outlook at 'stable', respectively.
Although the recent spread of COVID-19 in Korea poses a threat to the recovery of consumption, Fitch said that the supply of vaccines is increasing, and suggested that Korea's economic growth rate for this year is 4.5%.
The growth rate for next year is also expected to be 3.0%.
In relation to inter-Korean relations, which is another important variable in the Korean economy, Fitch said that although progress has not been made diplomatically, geopolitical conflicts are likely to remain relatively stable for the time being.
(Photo=provided by Fitch, an international credit rating company, Yonhap News)