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Korea's economic growth rate stopped in the third quarter, and the exchange rate is expected to grow by 1.9% next year, with an exchange rate of 1,455 won. According to a Reuters expert survey on the 25th, Korea's growth rate will stop growing in the third quarter and ease 2.6% this year and 1.9% next year. U.S. Treasury Secretary Allen reported to reporters on the 24th that "he made a statement..

“A recession can be painful and frightening, but it is a recurring feature of the economy,” he said. The recovery is effectively over," the Wall Street Journal reported on the 29th. The Japanese government said, "The Japanese economy is rising, inflation is not remarkably high and not stagflation. The upward pressure on prices is weaker than in Europe and the United States. It is important to ov..

Low unemployment is “the most dangerous” for high inflation, and it is expected that a hard landing will be applied to Korea’s high-inflation and low-employment system following the US. Larry Summers, who served as Treasury secretary in the Democratic administration, argued that “inflation control requires an unemployment rate of at least 5%,” followed by a statement by the Congressional Researc..

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..

As the US economic growth rate declined to 1.5% in the first quarter of this year from negative growth this year, Korea began hyperinflation with signs of stagflation due to an oversupply of chaebols and a command economy controlled by unions. On the 26th, the Bank of Korea lowered the economic growth rate for this year to 2.7%, down 0.3%p from the previous 3.0%, and increased the consumer price..

While the government took an approach to induce high inflation by choosing to stimulate the economy by relying on fiscal expansion despite increasing inflationary pressure, the United States chose to respond to inflation when wage growth fell far short of inflation. President Yoon Seok-yeol said at a macro-financial review meeting on the 13th, "The financial and foreign exchange market volatilit..

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..

In October, imports increased 37.8% YoY, exports rose 24%, and the Consumer Price Index rose 3.2%. Imports increased for 11 consecutive months, mainly raw materials and intermediate goods due to government-supported stimulation of domestic demand and brisk exports. Petroleum (26.5%), diesel (30.7%), and LPG for automobiles (27.2%) rose 27.3% due to the rise in international oil prices. The rate ..

On the 15th, the Ministry of Economy and Finance announced on the 15th that the consumer price inflation rate was 2.6% in the third quarter of this year (July-September) and that the recovery rate is slowing. The Ministry of Strategy and Finance diagnosed the inflation rate as possible in the 3% range in October, and the “expected 4%” growth rate this year is due to fiscal revenue. The number of..

A stagflation warning was issued after the US cut government aid in the second quarter, confirming inflation and slowing growth in unemployment claims. The U.S. Department of Labor's weekly unemployment insurance claims were announced at 400,000 on the 29th, and the Wall Street Journal (WSJ) reported that 20,000 more than the 380,000 analysts expected. The U.S. Department of Commerce announced o..