Money Makers Mentor

US-South Korea Post-COVID-19 Investment Outlook

Trade between the United States and its global partners took a significant hit in the 2020 and 2021 fiscal years due to COVID-19. The drop, which has been attributed to the global lockdown that kicked off in March 2020, has affected trade and investment in US-South Korea and US-Japan relations.

The global pandemic wreaked havoc on the national income and constricted not just movement of persons, but of money as global economies hibernated, shutting down in some cases. According to a UNCTAD report, GDP was projected to and did drop by 4.3% in 2020. The report posited that developed economies, will be affected more than developing economies at -5.8% and -2.1%, respectively. “Unlike the global ­financial crisis of 2008/09, developing countries are expected to experience negative growth in…

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