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As domestic demand slows, manufacturing industry shrinks in March, imports plummet, companies 'cut costs' As the slowdown in domestic demand grew, the manufacturing industry's Buyer's Management Index fell in March, and the sharp decline in imports overwhelmed the increase in exports. In March, imports plunged 12.3% and exports increased 3.1%, with the slowdown in domestic demand overwhelming th..

China's National People's Congress's growth rate is 'less than 5%', government bond is 1 trillion yuan, military budget is increased by 7.2% China's National People's Congress acknowledged that the growth rate was 'less than 5%' and issued 1 trillion yuan in national bonds, increased military spending by 7.2%, and announced 'promotion of Taiwan unification'. China's National People's Congress (N..

Global debt $313 trillion GDP 3.3 times emerging countries ‘worst’ Germany ‘growth plunges’ The Institute of International Finance said that global debt surged by $15 trillion last year to $313 trillion, which is 3.3 times higher than GDP, and that emerging countries' debt repayment ability has deteriorated to its greatest extent. German Deputy Chancellor Robert Habeck said in the government's a..

Korea-Japan trade deficit, US leading economic index slumping for 23 months, growth stagnating Korea's trade deficit fell into Japan's trade deficit as the yen exceeded 150 yen per dollar due to a sharp decline in trade with China, the United States, and Japan, and the U.S. leading economic index fell for 23 consecutive months, with zero growth forecasts for the second and third quarters. From t..

Korea's household debt refinancing crisis due to the US economy's high growth rate of 3.5%, high wages and low unemployment The U.S. economy maintained high growth of 3.5% last year with high interest rates in the 5% range and low oil prices, and high wages and low unemployment caused a boom for American workers, deflecting predictions of an economic recession at the beginning of the year. With ..

China's May exports plummeted, 'year-end bottom of the second half of this year' China's May exports plunged four times more than expected, prompting analysts to "decrease further in the second half of the year and hit the bottom at the end of the year." On the 22nd of last month, Deputy Prime Minister Choo Kyung-ho presented the 'lowest point in May' at the National Assembly, strengthening econ..

World Bank ‘sudden economic recession, marked slowdown in trade’ Korean media ‘upward’ The World Bank published a report of a “sudden recession” and “significant slowdown in trade” in the economy this year, but the Korean media reported mostly as “a slight increase in the global growth rate to 2.1%.” World Bank Chief Economist Indermit Gill said at a press conference on the 6th that the World Ec..

Current account deficit $4.4 billion Manufacturing employment 100,000 youth 137,000 decrease The current account deficit of 4.46 billion dollars in the first quarter worsened the deformed economic structure in which the number of employed in manufacturing decreased by 97,000 and increased by 440,000 only among those in their 60s. The Bank of Korea's current account deficit of $4.46 billion in th..

As the US faces this year’s “economic recession cycle,” President Seok-yeol Yoon’s strategy of “maximizing world exports through solidarity with the free camp” has announced a low-interest trade finance economic stimulus policy, showing the possibility of “expanding imports and trade deficits first.” In his New Year’s address, President Yoon said, “The export strategy must be different from the ..

Regarding the stock market new year, Reuters and the Associated Press put forward a forecast of’low performance in the first half’. “Companies in the S&P 500 fell 3.5% in fourth-quarter earnings, and analysts expect earnings to be largely unchanged through the first half of 2023,” the AP said. Investors have been warning investors that inflation will hurt profits and earnings in 2023,” reported ..