Author Topic: North Korea economy shrinks most in eight years  (Read 262 times)

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rangerrebew

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North Korea economy shrinks most in eight years
« on: July 22, 2016, 07:09:09 pm »
North Korea economy shrinks most in eight years

    22 July 2016
    From the section Business

North Korea's economy shrank at its sharpest pace in eight years after a fall global commodity prices hit the value of its coal and iron ore exports.

Gross domestic product fell by 1.1% last year compared to a 1% gain in 2014, according to an estimate from South Korea's central bank.

The Bank of Korea has released the data annually since 1991 using information supplied from sources such as the Ministry of Unification.

North Korea does not publish any data.

The worsening economic picture may put pressure on North Korean leader Kim Jong Un.

http://www.bbc.com/news/business-36863360
« Last Edit: July 22, 2016, 07:10:21 pm by rangerrebew »