In-depth: Global market wrap-up
- 5 years ago
Time now for an in-depth look at the market news on this Friday.
And for that, I'm joined by Dr. Kim Sei-wan, Professor of Economics at Ewha Woman's University.
Dr. Kim, thank you for coming on today.
Thank you.
Korea has decided to give up its status as a developing country for the purposes of trade. President Trump, for one, has been asking that this be done. The argument is that Korea's a lot better off than it used to be and the benefits it gets from that status aren't fair. How big of an effect will this have on the local economy?
In principle, Korea now loses the right to protect its market for products like rice, garlic, ginseng and so on. The government, though, said today it'll do everything it can for these sectors. What can Korea do to keep prices from falling off a cliff?
Growth estimates for the Chinese economy are falling. Premier Li Keqiang said this week that China will be taking steps to keep investment and trade stable by opening up. What would that do for the Chinese economy?
It's not just China but the whole world that's seeing growth slow down. Here in Korea, the central bank is expecting growth of under 2 percent this year for the first time in a decade. Is the Korean economy really in such bad shape?
Next year, the Korean government's looking at a budget of over 500 trillion won, which around 440 billion dollars. How much help might that be for the economy?
Alright, Dr. Kim. That's where we'll have to leave it today.
Thanks so much for sharing your insights today.
And for that, I'm joined by Dr. Kim Sei-wan, Professor of Economics at Ewha Woman's University.
Dr. Kim, thank you for coming on today.
Thank you.
Korea has decided to give up its status as a developing country for the purposes of trade. President Trump, for one, has been asking that this be done. The argument is that Korea's a lot better off than it used to be and the benefits it gets from that status aren't fair. How big of an effect will this have on the local economy?
In principle, Korea now loses the right to protect its market for products like rice, garlic, ginseng and so on. The government, though, said today it'll do everything it can for these sectors. What can Korea do to keep prices from falling off a cliff?
Growth estimates for the Chinese economy are falling. Premier Li Keqiang said this week that China will be taking steps to keep investment and trade stable by opening up. What would that do for the Chinese economy?
It's not just China but the whole world that's seeing growth slow down. Here in Korea, the central bank is expecting growth of under 2 percent this year for the first time in a decade. Is the Korean economy really in such bad shape?
Next year, the Korean government's looking at a budget of over 500 trillion won, which around 440 billion dollars. How much help might that be for the economy?
Alright, Dr. Kim. That's where we'll have to leave it today.
Thanks so much for sharing your insights today.