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Now it’s time for On Level, the place we converse to consultants to delve deeper into the most important information tales within the highlight proper now.
The worldwide economic system is coping with quite a few probably destabilizing uncertainties in the meanwhile.
The pandemic stays on the forefront, however there’s additionally the disaster in Ukraine and the varied tensions swirling round that that are giving the markets jitters.
In South Korea, with the presidential election a matter of weeks away, the candidates have been making pledges about how they might lead the nation out of this era of excessive inflation, virus restrictions and skyrocketing housing costs.
Sadly, there’s no straightforward repair as previous presidents rapidly got here to understand.
For extra, we hook up with Oh Jun-sok, Professor at Sookmyung Girls’s College’s Faculty of Enterprise.
Good morning, professor. Quite a few consultants at the moment are saying the Omicron surge might attain its peak in South Korea by early March. Do you anticipate that the economic system will begin to flourish as soon as we’re over the worst of the pandemic?
Inflation stays a thorn within the facet of many countries. Within the U.S. in January it hit a roughly 40 year-high and the scenario is hardly a lot better right here. Is there a lot policymakers can attempt to do to counter inflation or is it extra of a case of making an attempt to journey it out?
South Korea’s Monetary Companies Fee has a closely-watched assembly arising. With so many financial points on the forefront of many individuals’s minds what do you anticipate them to announce?
Lastly, finance ministers and central financial institution governors of G20 nations met final week, warning that the worsening Ukraine disaster was a risk to the post-pandemic restoration. If the disaster spills over right into a warfare, how do you suppose monetary markets and nationwide economies will react?
Thanks to your insights We respect you approaching and hopefully we’ll converse once more quickly
#global_economy #Inflation #FinancialServicesCommission
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2022-02-23, 08:00 (KST)
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