OECD "Korea falls below potential GDP for 6th consecutive year until 2025"

An international organization predicts that the size of Korea's economy will continue to fall short of its potential for six years until next year.

According to the data submitted by the Bank of Korea to the office of Yang Boo-nam of the Democratic Party of Korea, a member of the National Assembly's Public Administration and Security Committee, the Organization for Economic Cooperation and Development (OECD) predicted that the country's real GDP would record a negative "GDP gap" from 2020 to 2025.

The negative GDP gap means that a country's production level has not reached the maximum production that can be achieved by mobilizing all factors of production.

In the case of Korea, there is an analysis that a structural economic downturn has begun as an unprecedented negative march has continued since 2020.