President Moon Jae-in attends the 5th emergency economic meeting held at the main building of the Blue House on the 22nd and is performing a national rite. 2020.04.22.Maekyung DB▶ Click here for a larger view
The Blue House evaluated that the breaking news of Korea’s economic growth rate announced on the 26th by the Bank of Korea last year was -1% per year, as “a valuable’achievement’ that the whole people made by enduring daily sacrifices.”
Blue House spokesman Kang Min-seok said in a written briefing on the day, “This is the highest growth performance compared to that of the advanced countries in the top 10 economy in terms of -3% to -10% or more. “Reverse growth” and “minus in 22 years after the foreign exchange crisis” are coming out,” he said.
The Bank of Korea announced on the 26th that the growth rate of real gross domestic product (GDP) in the fourth quarter of last year was 1.1% (compared to the previous quarter). Korea’s real GDP growth rate was -1.3% in the first quarter of last year and -3.2% in the second quarter of last year. The annual growth rate of each quarterly growth rate was -1%.
Spokesman Kang said, “Korea’s economic growth rate exceeds the forecasts of major domestic and foreign institutions or market expectations,” and “foreign media reports that it is highly likely to overtake 7 major countries (G7) in terms of gross domestic product per capita (GDP). There was,” he also introduced.
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