■ The analysis finds that Korea’s GDP will most probably slip significantly below the previous path due to COVID-19, and the future trend is still very uncertain.
■ Short-term responses to the pandemic should focus on the prevention of a further spread while at the same time policy programs are put into place to mitigate the negative economic impact and reboot the economy,
■ After the COVID-19 crisis, efforts must be made to prevent temporary countermeasures from damaging productivity and efficiency of resource allocation.
- Outlook for Korea's macroeconomic path
- Office of Macroeconomic Analysis and Forecasting
- Korea Development Institute
Outlook for Korea's macroeconomic path
Based on the spread of COVID-19
Korea Development Institute
|Series Title; No||KDI Economic Outlook 2020|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Macroeconomics
Social Development < Health
|Holding||Korea Development Institute|