Economic experts are concerned about South Korea’s economy.
The hum day research institute recently suggested in a report that the economy reached its peak in May 27.
The finding founds had a difficult time for South Korea president Moon Jae-in, whose public approval ratings have been falling.
And opinion study by a garlic Korea shows Moon’s approval rating at 45%, the lowest in his presidency.Also , a majority of business don’t have a good opinion of him.
The hum-day research institute predicts that the South Korea economy will grow at a rate of 2.5% next year. That’s lower than the Korea’s bank’s prediction at 2.8 to 2.9 percent over the next two years.
Kim Souyang is a economic professor at Seoul National University.He told VOA that the economy is slowing down, but at present , it’s not at the worst.
ZhengMing is a research fellow with the Hum-day research institute.He predicts the economy will reach its lowest point during the second half of 2019.The economy is faced with downward risks such as depending trade disputes. He said.
Economists are also concerned about other issues, such as rising household dead, Kim soyang said.Kim yong song is a professor in a school economics yoonsai University, he said : the Korean economy has lost competitiveness in the international market place, Song said that the higher cost of higher wages for workers including and increase the minimum wage have hurt businesses.
2:33 6.22
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