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10 months ago

OECD projects S. Korean economy to contract by 1.0% in 2020; highest among OECD countries

Arirang News
Arirang News
OECD, 2020 한국 경제성장률 -1.0%로 전망... 올해 회원국 중 1위

Among all the countries in the OECD, the South Korean economy is projected to be hit by the pandemic the least.
According to the OECD Interim Economic Outlook released on Wednesday,... South Korea can expect to see an economic contraction this year of one percent, which would be the best performance among the OECD's 37 members.
Also based on that data, South Korea would rank second among the G-20 countries after China.
The OECD gave a positive assessment of the South Korean government's response to the COVID-19 crisis and its fiscal support for the economy.
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