ADB experts predict a 1% drop in South Korea's economy

Experts from the Asian Development Bank (ADB) predict a fall in the economy of South Korea in 2020, reports KBS. In their opinion, the fall in South Korean GDP will be 1%. In April of this year, experts predicted the growth of the South Korean economy by 1.3%. Experts believe that in 2021 the country's economic growth rate will be 3.5%, which is 1.2% higher compared to April forecasts. Inflation will be 0.5% this year and 1.3% next. It is noted that the fall in India's GDP will be 8%, Indonesia 1%, Hong Kong 6.5%, Singapore 6%. Earlier, experts from the Organization for Economic Cooperation and Development (OECD) reported that the fall in South Korean GDP will be 1.2%. See also: OECD experts predicted a 1.2% drop in the South Korean economy