Japan's export restrictions expected to cut Korea's GDP: Goldman Sachs
Arirang News
2019-07-15
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골드만삭스 "日수출규제로 한국 GDP 0.4% 감소할 수도"
An investment bank report shows... that Tokyo's export curb on high-tech materials to Seoul are expected to weigh on South Korea's GDP.
According to researchers at Goldman Sachs, Korea's GDP would fall by 0-point-4 percent... if the country's semiconductor production decreases 10 percent.
The report added that the country's current account balance... will drop by 10 billion US dollars under the same condition.
Japan's move is not only expected to affect Korea,... but also other countries' economies including Vietnam and Malaysia,... because their exports rely heavily on Korean IT products.
An investment bank report shows... that Tokyo's export curb on high-tech materials to Seoul are expected to weigh on South Korea's GDP.
According to researchers at Goldman Sachs, Korea's GDP would fall by 0-point-4 percent... if the country's semiconductor production decreases 10 percent.
The report added that the country's current account balance... will drop by 10 billion US dollars under the same condition.
Japan's move is not only expected to affect Korea,... but also other countries' economies including Vietnam and Malaysia,... because their exports rely heavily on Korean IT products.
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