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Japan's export restrictions expected to cut Korea's GDP: Goldman Sachs

2019-07-15 17 Dailymotion

골드만삭스 "日수출규제로 한국 GDP 0.4% 감소할 수도"<br /><br />An investment bank report shows... that Tokyo's export curb on high-tech materials to Seoul are expected to weigh on South Korea's GDP.<br />According to researchers at Goldman Sachs, Korea's GDP would fall by 0-point-4 percent... if the country's semiconductor production decreases 10 percent.<br />The report added that the country's current account balance... will drop by 10 billion US dollars under the same condition.<br />Japan's move is not only expected to affect Korea,... but also other countries' economies including Vietnam and Malaysia,... because their exports rely heavily on Korean IT products.<br />

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