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In-depth: Global market wrap-up

2019-10-18 15 Dailymotion

It's time now for an in-depth look at the market news on this Friday.<br />And for that I'm joined by Dr. Kim Sei-wan, professor of economics at Ewha Woman's University.<br />Dr. Kim, thank you for coming on today.<br />Thank you.<br />The IMF this week lowered its forecast for global economic growth for this year. 3 percent is the figure now. The lowest since the financial crisis a decade ago. And for China, the forecast is the lowest in 27 years. What's happening in the global economy?<br />For Korea's economic growth this year, Bloomberg has compiled an average of estimates from 41 institutions here and overseas. That average is 1-point-9 percent. What do you make of that figure?<br />We have international organizations calling for the Korean government to ramp up spending to help the economy. But what about the government's financial situation? There are concerns there too.<br />With growth so weak in Korea, the BOK has lowered its policy rate again to a record low. What do they hope to accomplish with that, and at the same time what might there be to worry about?<br />President Moon announced some new measures yesterday as well. More investment in construction to help the economy. What stands out to you in these measures?<br />Alright, Dr. Kim. That's where we'll have to leave it today.<br />Thanks so much for coming on.<br />

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