The domestic economy continues to be sluggish due to the weakness of IT companies and the minimal effect of China's reopening. There is room for a rebound in the second half of the year, but the pace of recovery is expected to be slow.
Consumer prices are expected to exceed expectations due to the spillover effects of accumulated cost pressures, demand for services, and employment trends.
Going forward, the Korean economy is surrounded by uncertain factors such as how much the Chinese economy will recover, the direction of the IT market, domestic and international financial conditions, and the development of the US-China conflict.
The global economy is also showing signs of slowdown. What can we do when the US and China block the flow of money?
The domestic growth rate is projected to be 1.4%, which is about half the level of last year and also a downward revision from the forecast at the beginning of this year.
This is the original content that was covered in Shuka World. I think it will be helpful to watch the video, so I'm attaching it. It looks like this year's summer will be very cold.
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