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Social Policies in Response to the Socioeconomic Impact of Covid-19

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dc.contributor.authorTae-Wan Kim
dc.date.accessioned2020-05-29T00:51:58Z
dc.date.available2020-05-29T00:51:58Z
dc.date.issued2020-05-29
dc.identifier.issn2092-7177
dc.identifier.urihttps://repository.kihasa.re.kr/handle/201002/35320
dc.description.abstractCovid-19 has spread on a global scale, leaving no part of the world economy unaffected. The OECD has warned earlier that the global growth could fall to 1.5 percent in 2020 as a consequence of the covid-19 pandemic. The IMF has forecast a 3-percent contraction in the world economy and a 1.2-percent contraction in the Korean economy. The Bank of Korea reported a 1.4-percent contraction in preliminary real GDP and a 0.6-percent contraction in real GDI quarter-on-quarter in the first quarter of 2020. Household consumption declined by 6.4 percent in same quarter, as exports and imports shrank by, respectively, 2.0 percent and 4.1 percent. Statistics of Korea’s employment data revealed that the number of those in work declined by 195,000 in March 2020, whereas the number of the economically inactive population grew by 516,000.
dc.formattext/plain
dc.formatapplication/octet-stream
dc.formatapplication/octet-stream
dc.format.extent5
dc.languageeng
dc.publisherKorea Institute for Health and Social Affairs
dc.rightsKOGL BY-NC-ND
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/2.0/kr/
dc.rights.urihttp://www.kogl.or.kr/info/licenseType4.do
dc.titleSocial Policies in Response to the Socioeconomic Impact of Covid-19
dc.typeArticle
dc.type.localArticle(Series)
dc.citation.titleResearch in Brief
dc.citation.number56
dc.citation.date2020-05-29
dc.citation.startPage1
dc.citation.endPage5
dc.identifier.bibliographicCitationResearch in Brief, no. 56, pp. 1 - 5
dc.date.dateaccepted2020-05-29T00:51:58Z
dc.date.datesubmitted2020-05-29T00:51:58Z
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