[ad_1]
Containers are stacked at Sinseondae Wharf in Nam-gu, Busan. Photo = News 1
Korea’s economic growth rate in the third quarter was the lowest among the world’s major countries for which value added was published. Since the world’s major countries posted poor growth in the second quarter compared to Korea, it is analyzed that the “base effect” also played a role.
According to the Bank of Korea and the Organization for Economic Cooperation and Development (OECD) on the 12th, of 16 major countries such as the United States, China and Germany that announced the real gross domestic product (GDP) in the third quarter, the rate Korea’s growth in the third quarter (1.9%) was the lowest. . France’s third-quarter growth rate was the highest among counted countries, registering 18.2% quarter-on-quarter. It was followed by Spain (16.7%), Italy (16.1%) and Portugal (13.2%). Germany (8.2%) and the United States (7.4%) also showed high growth rates. Asian countries like Indonesia (3.1%), China (2.7%), and Korea (1.9%) showed growth rates in the range of 1 ~ 3%.
The reason why countries in Europe and North America posted relatively high growth rates in the third quarter of this year was due to the base effect. In the second quarter of this year, France (-13.7%) Spain (-17.8%) Italy (-13%) and Portugal (-13.9%) registered a growth rate of -10% when taking a lockdown due to the Corona 19 outbreak. The lockdown was lifted in the third quarter and the base effect worked, showing a high growth rate. On the other hand, China (11.7%) and Korea (-3.2%), which posted relatively low growth rates in the third quarter, released relatively good economic report cards as quarantine measures were successful in the past. second quarter.
Some point out that the government is focusing only on packaging the Korean economy while using overseas growth rate indicators to suit its tastes. President Moon said that Korea’s growth rate in the second quarter of this year registered a strong negative growth of -3.2%, but the growth rate of OECD member countries was worse, saying: “Our economy has done a miracle. ” It is estimated to be the lowest among the major countries.
However, this time the comparison with growth rates abroad was omitted. President Moon Jae-in said of the growth rate in the third quarter at a meeting of chiefs and advisers held at the Blue House on the 2nd: “It means that our economy has recovered from the sharp decline in the first and second quarters. and it has returned to a marked growth trend “. It is interpreted as a part to boost the sentiment of economic actors by emphasizing the optimistic perception of the government, but some believe that excessive optimism of the government can confuse rational consumption and investment decisions of economic actors.
Reporter Kim Ik-hwan [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution
