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Rising rents in the U.S. and prolonged out of control prices; exclusion of Korea's own housing costs As inflation price controls in the U.S. are prolonged and housing rents are on the rise, Korea's economic outlook is becoming more difficult as housing costs are excluded from the consumer price index. The overall consumer price index in the United States rose 3.1% from a year ago, down from 3.4%..

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..

The U.S. Congressional Budget Office (CBO) announced on the 15th that it expects the U.S. economy to contract this year, with the unemployment rate soaring to 5.1% this year. The U.S. Department of Labor announced that the producer price index (PPI) rose 6.0% year-on-year and 0.7% month-on-month in January. The PPI, which represents the US wholesale price, declined by -0.2% in the previous Decem..

Data from the National Statistical Office was released on the 11th, showing that the unemployment rate rose to the highest level in 11 months in December of last year and the annual employment growth rate was the smallest in 21 months. According to data from the National Statistical Office, the seasonally adjusted unemployment rate for December was 3.3%, up 0.4%p from November's 2.9%, the highes..

In preparation for next year's economic recession, American investors have put forward their preferred targets in the stock market as 'small-cap stocks, British stocks, and gold'. US investment banks and private equity fund managers, including JP Morgan, Citi and BlackRock, believed in the possibility of a recession in 2023, saying, “a massive monetary tightening by the Fed, a sharp slowdown in ..

"Many participants observed that price pressure has increased in the services sector and historically price pressure in this sector has been more persistent than price pressure in the commodity sector," the Fed's November minutes said. "Risks to the inflation outlook remain elevated." "We agreed that it was important to inform the public," he said. "How high and how long interest rates are maint..

The U.S.'s trade deficit narrowed with interest rate hikes of 0.75% consecutively, the unemployment rate dropped to the lowest level, and Japan's high growth rate of 3.5% was expected this year. It was extreme. The Wall Street Journal reported on the 7th that "The Federal Reserve appears to be moving in the direction of raising interest rates by 0.75 percentage points this month in response to C..

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..

The gap with the US price index widened further as the Bank of Korea raised the interest rate by 0.5%p and adhered to the method of excluding the consumer price index for self-living costs. The US Federal Reserve expects higher housing costs to continue to push inflation this year, with higher housing prices being the biggest factor in controlling interest rate hikes. "Rising housing costs are e..