한은 성장률 하향 조정에도...韓, OECD 국가 중 하락폭 비교적 제한적<br /><br />Despite a grim outlook released by Seoul's central bank Thursday,... the South Korean economy is projected to be one of the economies hit the least by COVID-19 among the OECD member states.<br />Yoon Jung-min reports.<br />The Bank of Korea on Thursday revised this year's growth sharply downward, but the OECD projects South Korea's economy to be one of the ones least affected by the COVID-19 pandemic among its members.<br />Based on its "single-hit" scenario, meaning there is no second wave of COVID-19, South Korea's economy is likely to contract by point-eight percent this year,... which was revised upward this month from the previous minus one-point-two percent.<br />When compared to G7 economies, like France or the U.S., that's not too gloomy of a forecast.<br />If there is a second wave, however, the economy is likely to shrink by two percent.<br />For next year, the OECD expects the Korean economy to grow by a little over three percent.<br />On Wednesday, Moody's revised South Korea's real GDP growth downward slightly to minus point-eight percent,... while having raised the growth to over three percent for next year.<br />The ratings agency expects G20 economies to see a contraction of four-point-six percent in 2020,... saying pandemic fears would continue to hinder a complete recovery.<br />Some economists do not seem to draw too grim of a picture for South Korea's economy, though.<br />Commenting on the latest OECD figures on opinion page 'Project Syndicate', British economist Jim O'Neill said,... that South Korea "has long been a role model for other developing economies",... and is becoming "one for more advanced economies like the United States and the UK."<br />He cited the country's prevention of a nationwide epidemic at an early stage,... mostly on the back of technological advancements that facilitated thorough monitoring.<br />Some, however, also point out that the country should not let its guard down, particularly when it comes to a possible second-wave of the pandemic.<br />Yoon Jung-min, Arirang News.<br />
