The Korean economy is in chaos in state affairs in 2025 and Trump is launched...Low growth warning lamp

[Anchor]
As political uncertainty overlaps with the launch of the Trump administration, the Korean economy is concerned about low growth of 1% this year, which is below the potential growth rate.

In addition, the political turmoil, which is nowhere to be seen, is holding back the crisis response to escape low growth.

Lee Seung-eun reports.

[Reporter]
The restaurant street where there were many office workers' meetings is relatively quiet.

As consumption froze due to martial law, companies moved to encourage company dinners, but the atmosphere was further frozen due to the impeachment of the rope and the plane disaster.

[Yoon Hyo-jin / Office worker: I only hear bad news, so I just eat and go home....]

[Kang Hyungseok / Restaurant Manager: We prepared more, but I think there were a lot of things we threw away. At the same time, I think the cost of food materials came out a little higher than usual.]

Due to sluggish domestic demand, production in all industries in November last year was negative for three months compared to a month ago, facility investment for two months, and construction performance, which is the longest ever.

In particular, retail sales, which means consumption of goods, have declined for nine months compared to a year ago.

In addition, the Trump administration's launch foreshadows an "export cliff."

The Bank of Korea forecast that the growth rate of goods exports will drop sharply to a 1.5 percent increase this year from 6.3 percent last year.

The Bank of Korea has forecasted economic growth of 1.9 percent this year, which is even higher than that of overseas investment banks.

The outlook for the economy is "zero visibility" due to extreme political instability.

The government said it would allocate 75% of this year's budget in the first half of the year and implement it quickly at an unprecedented pace.

We also left open the possibility of an extra budget.

[Choi Sang-mok / Acting President (Last month, 23rd): From January 1st, the first priority is that we will do our best to feel what the people and businesses can feel. I would like to tell you that we will review the appropriate things considering the situation if we have additional discussions.

Major institutions predict that the second half will be better than the first half, but many say that budget pulling and reducing budgets alone are insufficient to respond to the economy.

[Chen Sora / Professor of Economics at Inha University (YTN Live Economy): 'I'm also considering the extra budget.' If you express this will a little more strongly, it might have an impact on the exchange rate or something like that. However, shouldn't these things be taken more carefully, such as when and how to use it right now?.]

The life of the supplementary budget is the right time to execute.

However, there are concerns that the time may be missed amid the political dispute with early presidential election in mind.

I'm YTN's Lee Seung Eun.