April 24, 2024
Economy
[GRAPHIC NEWS] Economic growth rate by administration
[THE INVESTOR] According to data by the Bank of Korea and Statistics Korea, the economic growth rate has continued to decrease in the past decades throughout three different administrations, dropping significantly from around 5 percent of growth rate recorded in the 2000s.
The Moon Jae-in administration has vowed to surpass the 3 percent growth rate, with experts advising strategic moves to enable new growth engines beyond the lagging competition in the auto and steel industries.
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