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The U.S. unemployment rate started to rise following high inflation with an average annual increase of 9.1% in the consumer price index in June, but Korean securities companies predicted a stock market rally due to a slowdown in inflation in the U.S. in July. The Wall Street Journal reported on the 4th that economists have predicted that the unemployment rate will rise to 4.3% by the end of next..

Regarding inflation, the Bank of Korea said that it will “continue to rise more than 6% for the time being”, while Deputy Prime Minister Choo Kyung-ho announced the “peak in September and October” respectively. Lee Hwan-seok, Deputy Governor of the Bank of Korea, said, "The rate of increase in the consumer price index has been in the 6% range since June, and it is in line with the expectations o..

International financial institutions have been unveiling their prospects for a bigger recession next year in response to interest rate hikes in response to inflation. The World Bank, in a report released on the 27th, said that food and energy prices, which soared in the Ukraine war, will be maintained for the next three years, and that the global economy is highly likely to undergo stagflation i..