Inflation not particularly high in the country, but long-term trends point to serious risk of stagnation under Yoon
South Korea is closer to the center of the world’s industrial gravity than much of the rich world, insulating it from the more inflation and supply-side shocks that currently affect much of the world.
However, long-term prospects for the country do not appear positive. A declining population and already high levels of household indebtedness mean that the country risks Japan-style stagnation.
South Korea is closer to the center of the world’s industrial gravity than much of the rich world, insulating it from the more inflation and supply-side shocks that currently affect much of the world.
However, long-term prospects for the country do not appear positive. A declining population and already high levels of household indebtedness mean that the country risks Japan-style stagnation.
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