Economic Indicators

[경제]Income distribution deteriorated for two consecutive quarters…work and business income for three consecutive quarters↓

by

[앵커] Income polarization is intensifying. The bottom 20% of household income increased slightly with government policy funding, but the top 20% of household income increased further. With fewer jobs and sluggish self-employment, earned income and business income went back for the third consecutive quarter. Reporter Oh In-seok on the report. [기자] The cold wave of … Read more

Russian economy declines 3.1% in 2020, largest contraction in 11 years | Reuters

by

Reuters, Moscow, February 1-Preliminary data released by the Federal Statistical Office of Russia on Monday showed that Russia’s economy fell 3.1% in 2020, the largest contraction in 11 years due to the impact of the new crown epidemic. Analysts surveyed by Reuters at the end of 2020 expect Russia’s gross domestic product (GDP) to shrink … Read more

[경제]220,000 employed last year↓…the worst since the IMF financial crisis

by

[앵커] The job market hit by Corona 19 is facing the worst situation since the IMF financial crisis. Last year, the number of employees employed per year decreased by nearly 220,000, and the number of unemployed reached 1.11 million. As the shock was concentrated in the lodging, food, wholesale, and retail industries, temporary and daily … Read more

Ifo – Corona loans highest in NRW and Bavaria – “Understandable”

by

Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. Picture taken May 21, 2019. REUTERS/Antonio Bronic Berlin (Reuters) – According to a study by the Ifo Institute, North Rhine-Westphalia has the highest corona-related loans of all federal states. The most populous federal state has approved credit authorizations in … Read more

ECB supervision wants to relieve banks with a proposal for wobbly loans

by

The European Central Bank (ECB) logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski Frankfurt (Reuters) – In view of the expected credit defaults as a result of the Corona crisis, the ECB banking supervisory authority is pushing ahead … Read more