"there's nothing wrong with you, but you're like this".imf report [y record]

■ Host: Anchor Park Seok-won and anchor Jo Su-hyun
■ Starring: Kim Kwang-seok, adjunct professor at Hanyang University

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN Newswide] when quoting.

◇Anchor> Isn't the uncertainty of the U.S. presidential election and China's economic slowdown the other variable in our economy? How should I pay attention to this part?

◆ Kim Kwang-seok> China's economic slowdown is also developing really strongly. We talked about the IMF report earlier. When the IMF forecasted China's economy this time, it made a really interesting expression, but it predicted that the 24-year forecast would be less than 5% for the first time. So, when there is an unusual event in China's economic history, that may happen. For example, it can happen during COVID-19.

But in the absence of such an extraordinary event, the Chinese economy is expected to grow for the first time this year, to 4.8 percent, to less than 5 percent, and will continue to slow down to 4.5 percent next year. More importantly, didn't China announce a massive stimulus package in the second half of this year?

Nevertheless, the fact that the growth rate has been lowered means that the Chinese economy will become structurally low-growth. As such, it is not a trade structure or trade-dependent system in which our economy depends entirely on China, but a country that still maintains growth of 7% and 8% like India, and a country that is emerging as an emerging country. It must be emphasized that it is time to pursue a strategy to diversify the trade structure more actively than ever by pioneering new markets around these countries.

Excerpted from
: Lee Sun Digital News Team Editor

#YRecord