Source: Institute of Policy and Strategy for Rural Development (IPSARD) The Central Bank of Korea (BoK) on September 13, 2021 said that the COVID-19 pandemic will reduce Korea's potential growth in the 2021-2022 period. 0.2%, only 2% left. South Korea's potential growth rate, considered the maximum that the economy can grow without causing inflation, has been steadily declining due to a shrinking working-age population and household debt. family increased.

Source: Institute of Policy and Strategy for Rural Development (IPSARD) The Bank of Korea (BoK) on September 13, 2021 said that the COVID-19 pandemic will reduce South Korea's potential growth in the period 2021-2022 by 0.2%, to only 2%. South Korea's potential growth rate, considered the maximum that the economy can grow without causing inflation, has been steadily declining due to a shrinking working-age population and household debt. family increased. The International Monetary Fund (IMF) estimates South Korea's potential growth for 2021-2022 at 1.8%, while the Organization for Economic Co-operation and Development (OECD) projects growth of Asia's fourth-largest economy at 2.4%. The BoK predicts the Korean economy will grow by 4% this year. The disruption of international trade amid the COVID-19 pandemic has raised concerns about national food security. South Korea is planning to increase self-sufficiency in staple foods to help sustainably develop the domestic agricultural ...

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