July 31, 2020

North Korea returns to growth despite sanctions: Seoul

Seoul (AFP) – North Korea’s sanctions-hit economy defied the impact of international restrictions to grow for the first time in three years in 2019, the South’s central bank said Friday.¬†Nuclear-armed Pyongyang is highly secretive and refuses to publish growth statistics of its own, leaving outsiders reliant on estimates drawn up from other sources.In Seoul, the Bank of Korea (BOK) said the North’s gross domestic product rose by 0.4 percent in 2019, after shrinking by 4.1 percent the previous year.The 2018 figure represented the second consecutive contraction in the face of increasingly tough …

source https://this.kiji.is/en/661817941827748961?c=648607265489716321

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