Global report: South Korea goes into recession as Australia flags huge deficit – The Guardian

South Koreas economy has recorded its worst performance in more than 20 years amid plummeting exports as a result of the coronavirus pandemic.
Asias fourth-largest economy contracted 2.9% year-on-year in the April-June period, the Bank of Korea said, after a fall of 1.3% in the first quarter, putting the country into recession for the first time in around two decades. Its the fastest decline since the aftermath of the 1998 Asian financial crisis, when it fell 3.8%.
South Korea was one of the w…

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