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S. Korea's current account records largest deficit since 2011

2020-06-04 27 Dailymotion

수출 급감에 경상수지 9년3개월래 최대적자…-31.2억달러<br /><br />Let's start with economic news.<br />South Korea's current account recorded a deficit for the month of April, turning negative for the first time in twelve months as exports fell sharply due to the COVID-19 pandemic.<br />According to Bank of Korea on Thursday, the country saw a current account deficit of 3.1 billion U.S. dollars in April..., the largest deficit since 2011.<br />It mainly attributed the drop to the slump in exports, which plunged 24-point-3-percent compared to the previous year with petroleum products and automobile exports taking the biggest hit.<br />The goods account surplus also fell to an eight-year low.<br /><br />

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