[앵커]
As prices remain high and exports remain sluggish, the government has diagnosed that the economy has been slowing for the seventh month.
Concerns about an economic downturn are growing as even consumption, which has served as a support for the domestic economy, has been sluggish due to the Itaewon disaster.
This is Reporter Lee Hyeong-won.
[기자]
The government has been concerned about an economic slowdown for the seventh month.
Consumer prices have been maintained at a high level of 5% since last May, and exports, which have decreased for two consecutive months, have increased the decline.
[이승한 / 기획재정부 경제분석과장 : 11월 무역수지는 마이너스 70.1억 달러 적자를 기록하면서 올해 4월 이후 8개월 연속 무역 적자가 지속하는 모습입니다.]
Even domestic demand, which has supported the economy, has slowed down its recovery.
Services production shrank 0.8% in October, while retail sales fell 0.2%, a two-month retreat.
In particular, last month, the increase in domestic credit card approval decreased, and department store sales also fell to the 1% level.
Even consumer sentiment continued to decline, falling 2.3 points from October.
Consumer sentiment has shrunk in the aftermath of the Itaewon disaster.
[이승한 / 기획재정부 경제분석과장 : 국민 애도 기간이라든지 또는 그 직후 일정 기간에는 되도록 (약속을) 취소하거나 연기하거나 뭐 이런 식으로 해서 저녁 회식도 굉장히 많이 줄었었고, (지자체 차원의) 야외 행사도 줄다 보니깐….]
With various economic indicators deteriorating like this, the government predicted that next year’s economic situation would become more difficult.
In fact, next year’s economic growth rate predicted by major domestic and foreign institutions such as the Bank of Korea and the Organization for Economic Cooperation and Development is only in the 1% range.
This is YTN Lee Hyeong-won.
YTN Hyungwon Lee ([email protected])
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