Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Yang Jun-sok, professor of economics at The Catholic University of Korea.
Professor Yang, good to have you back today.
Stocks on Wall Street closed lower overnight the coronavirus outbreak playing a role there, and maybe investors taking a breather after these recent gains. What's the story in the global markets?
The OECD is saying that the global unemployment rate will reach an all-time high by the end of this year worse than the Great Depression but then start recovering next year. They also had some recommendations for policymakers in Korea. What stands out to you in this report?
The Korean government has been spending a lot of money to respond to the pandemic. That's going to continue in the second half of this year. This is concerning for a lot of people. What do you say, Professor Yang?