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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..

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..

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..

The US approached the North Korean nuclear program as a collective security approach, and it seems that the Republican Trump system's "capitalization strategy" has been abandoned. US State Department spokeswoman Ned Price said on the 14th that North Korea is “actively engaged in diplomacy with its allies and partners in the Indo-Pacific region including South Korea and Japan.” “North Korea’s nuc..