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IMF US Production Plunges, Recession 40%, Korea's Growth Rate Cut in Half The IMF has set the possibility of a recession at 40% due to a sharp decline in US production and has cut Korea's growth rate by half this year. The International Monetary Fund (IMF) annual report predicted that US production will slow from 2.8% last year to 1.8% this year and halved Korea's growth rate from 2.0% to 1.0% t..

August exports: Foreign media: ‘Slowing growth’, Ahn Deok-gyun: ‘largest ever’, Korean media: ‘increasing’, Yoon Seok-yeol 'May export boom' While foreign media reported Korea’s August trade statistics as a ‘slowing growth in exports,’ Minister of Trade, Industry and Energy Ahn Deok-gyun said it was a ‘highest performance ever,’ President Yoon Seok-yeol calls it an 'economic boom' based on 'May ..

Japan ranks 4th, yen weakens, loss of momentum Germany ranks 3rd, Park Chung-hee model ‘ends’ Japan, which enjoyed economic growth during the Cold War, fell from second place after the United States to fourth place, losing out to Germany due to the long-term weakness of the yen, and was imminent to overtake India's total productivity, concretizing the loss of the support system before and after ..

European economic slowdown, rapid decline in electric vehicle growth, delisting of startups, falling stock prices The International Monetary Fund (IMF) said in its latest economic outlook on the 30th, “Europe’s growth rate has slowed significantly, reflecting weak consumer sentiment, the impact of high energy prices, and weakening investment in interest rate-sensitive manufacturing and businesse..

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 ..

Lee Chang-yong ‘China’s growth rate fluctuates by half in Korea, 1.8% good excluding IT’ Bank of Korea Governor Lee Chang-yong said at a press conference on the decision to freeze interest rates that China's growth rate in Korea fluctuated from 1.1% to 0.5%. Governor Lee said, “The growth rate is 1.1% in the scenario where China’s economic recovery is delayed and financial instability in develop..

Due to the weak yen, Korea experienced a -2.2% economic recession in the third quarter, which could lead to a prolonged recession and a collapse of the housing market at the same time. In a research note on the 4th, Nomura Securities said, "Countries can no longer rely on a rebound in exports for growth due to the accompanying slowdown in the global economy." predicted that Regarding the housing..