Trade deficit 46

Asian Development Bank Korea's 'high inflation and low growth' trade deficit 'worsening'

The Asian Development Bank diagnosed Korea's high inflation and low growth in Asia as worse next year, and Korea's trade deficit is getting bigger under the strong dollar system. ADB revised its forecast for April in its 'Asia Economic Outlook (ADO) Supplement' on the 21st, maintaining a growth rate of 2.6% for Korea next year and raising the inflation rate from 2% to 3%. In China, the inflation..

카테고리 없음 2022.07.21

China's trade deficit of US$1.2 billion in June, widening the total deficit in July

In June, the trade balance with China was in the red for two months in a row with a deficit of $1.214 billion, and the trade surplus for 28 years after the establishment of diplomatic ties. Korea's total trade grew to $5.5 billion in the 10-day trade deficit in July due to an overwhelming increase in imports, accounting for half of the $10.3 billion deficit in the first half. As of last year, Ch..

카테고리 없음 2022.07.11

Exports plunge, imports soar in coal, trade crashes over a year of $28.7 billion

Exports of major automobiles plummeted and semiconductors weakened, leading to a decline in exports to China and the United States, leading to a trade deficit of $20 billion. The trade deficit widened to a maximum of $7.642 billion until the 20th, and the trade surplus sharply turned from $236 million in the same period of the previous year. This year's cumulative trade deficit of $15.469 billio..

카테고리 없음 2022.06.21

Imports surged by 32%, worsened inflation, World Bank 'slumped growth, long-term low growth'

The rapid increase in imports Inflation is exacerbated by the government's stimulus policy, and the World Bank has diagnosed the slow growth as a prolonged period with the growth rate halving this year compared to the previous year. In May, Korea's imports ($63.2 billion) surged 32% compared to the previous year, surpassing exports ($61.5 billion). The trade deficit was estimated at $2.5 billion..

카테고리 없음 2022.06.08

U.S. mortgage rates soar, South Korean semiconductors fall at ‘highest level of uncertainty’

The Washington Post reported on the 29th that U.S. new home sales fell for the third straight month through March due to rising interest rates, and the 3% mortgage rate, which had been maintained for 10 years, exceeded 5% for the first time, "creating new economic uncertainty," The Washington Post reported on the 29th. The U.S. economy plunged unexpectedly to 1.4 percent per annum in the first t..

카테고리 없음 2022.04.29

Fiscal deficit, trade deficit, twin deficit, national debt 2196 trillion won

The national debt reached 2196 trillion won in the twin deficits, which overlapped the deficit and the trade deficit. The trade balance in March was a deficit of 140 million dollars (170.4 billion won), and it returned from a surplus of 831 million dollars in February to a consecutive deficit in December of last year (426 million dollars) and this January (4.73 billion dollars). back to a loss s..

카테고리 없음 2022.04.05

Trade deficit widens in January, foreigners leave the stock market, and older workers are strong

In January, the trade deficit grew in the economy, and the high price system was strengthened due to foreigners leaving the stock market and an aging workforce. The trade balance recorded a deficit of $4.89 billion in January, the consecutive deficit following December of last year. Foreign investors net sold 1.67 trillion won of listed stocks in January, and net sold 2.6 trillion won in the KOS..

카테고리 없음 2022.02.16

1 year KRW exchange rate rise 2.5 times higher than inflation, the yen weakened

The KRW/USD rate rose 9.2% in January and the consumer price rose 3.6% YoY, 2.5 times higher, suggesting a 4% rise in February prices. The U.S. trade deficit rose 26.9% year-on-year in January to a record $859.1 billion. Korea's import surge is expected to increase inflation and trade deficits due to economic stimulus strengthening policies, as imports of crude oil, gas and coal in January of $1..

카테고리 없음 2022.02.09

Trade deficit widening Export growth and sharp decline The government’s ‘V rebound from stocks’

Exports increased by 15.2% in January, halving from 31.9% in November of last year, resulting in a trade deficit of $4.89 billion for the second month in a row. In the economic growth system of the corona stock economy rebound, the increase in imports is greater than the chronic exports, and the trade deficit and the fiscal deficit overlap, creating a twin deficit. According to the IMF data on t..

카테고리 없음 2022.02.01

Korea's trade deficit presses interest rates on rising US inflation and unemployment

In the United States, the producer price index (PPI) rose 9.7% in December (compared to the previous year), and unemployment insurance claims in the first week of January increased by 23,000 from the previous week to 230,000. The U.S. Department of Labor announced on the 12th that the consumer price index (CPI) for December last year was 7%, the highest since 1982. The US CPI was 6.8% in Novembe..

카테고리 없음 2022.01.14