* Date : 2020-01-01
The Korean and the global economy saw a downward trend in 2019, due to the U.S.-China trade war and Japan's economic retaliation. The new year, 2020 begins with economic uncertainties in and outside of Korea. The Korean economy is heavily affected by external variables so how will the Korean economy fare in the new year? On #KOREA 4.0, we sit down to predict the flow of the domestic and global economy. We talk with an economic expert to take a closer look at the Korean and global economic growth outlook for 2020 announced by major economic organizations like the IMF and the OECD. The U.S.-China trade disputes which caused chaos in the international economy have calmed down quite a bit but there are many global risk factors that can still threaten the Korean economy. We zoom in on risk factors such as the U.S. Presidential elections, China's business slowdown as well as protectionism which can influence the Korean economy. In addition, we also discuss the government's economic policies to handle future crises.