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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..

As the interest burden of the fiscal deficit increases due to the surge in the interest rate of the US Treasury bond, it has begun to show a telephoto effect of increasing the amplitude of the sharp fluctuation. The government prepared for interest expenses of KRW 20 trillion by adding a maximum interest rate of 2.4% to the issuance of an additional KRW 100 trillion in deficit treasury bonds thi..