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Pandemic to hit trade harder than 2008 financial crisis: BOK

2020-06-11 276 Dailymotion

한은 "글로벌 생산•교역 위축 금융위기보다 클 것"<br /><br />The Bank of Korea is projecting global production and trade during the pandemic to be even weaker than during the 2008 financial crisis.<br />It said Thursday that this will deal a further blow to South Korea's exports.<br />Shipments of semiconductors used in mobile phones are expected to be one of the hardest hit areas.<br />But the BOK noted that semiconductor exports will pick up in the second half of the year as countries resume economic activities.<br />Automobile and machinery shipments are also expected to drop due to falling global oil prices.<br />

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