President Moon "Sure growth phase" Bank of Korea "V-shaped recovery is not yet" Really the same statistics?
http://www.chosunonline.com/site/data/html_dir/2020/11/02/2020110280259.html

https://biz.chosun.com/site/data/html_dir/2020/11/02/2020110201917.html
 

같은 통계 맞나?"확연한성장세",한은 "V자회복 아직

 

 


Will it follow the ever-increasing government spending and symptoms?
Watched 149 times

• 2020/11/03
Subtitles-Settings-Subtitles (1) -Automatic translation-Language


Analyzing statistics in detail and using it as the basis for "speed recovery of the economy"
October exports, down 3.6% year-on-year
"Because of the decrease in the number of operating days ... The average daily rate is positive."
"September Industrial Activities, Production / Consumption / Investment" Triple Increase ""

Really the same statistics? President Mun "certain growth phase", Bank of Korea "V-shaped recovery not yet"

(文在寅, 문재인, Moon Jae-in, ムン・ジェイン) evaluated on the 2nd that "the Korean economy has overcome difficulties and is recovering quickly." He also said that the economy had "entered a solid growth phase" in the third quarter (July-September) of its exit from negative growth.
He said, "The Korean economy will return to normal from the first half of next year." However, in contrast to President Moon's rosy outlook, the Bank of Korea (Central Bank) has carefully predicted the future economy, which sets it apart from optimism.

President Moon said at the meeting of chiefs and aides presided over at the Blue House (Korean Presidential Office) that "Gross domestic product (GDP) growth in the third quarter showed the largest increase in 10 years since the global financial crisis. "It means that the Korean economy has emerged from the sharp contraction phase of the first and second quarters (January-June) and has entered a steady growth phase," he said.

The Bank of Korea announced on the 27th of last month that the real GDP growth rate (preliminary figures) for the third quarter of this year was 1.9% compared to the previous quarter.
However, the Bank of Korea analyzed that it was early to judge that the domestic economy had entered a "V-shaped recovery" phase.
박양수(Park Yangsoo), director of the Bank of Korea's economic statistics bureau, said, “The growth rate has grown by 1.9% and can be seen as a V-shaped recovery.
However, looking at the transition of GDP, it still falls short of the level of the third quarter of last year, "he said." There is. "
President Moon is more optimistic about our Korean economy than the Bank of Korea's analysis.
 
 
The director of the Bank of Korea's (박양수,Park Yangsoo, パク・ヤンス) Economic Statistics Bureau used graphs to report at the Bank of Korea's real gross domestic product briefing held in Jung-gu, Seoul last month. Answering the question / Provided by Bank of Korea

In addition, President Moon said, "In September, the final month of the third quarter, we achieved a" triple increase "in which production, consumption, and investment all grew, even in the fourth quarter (October-December). It is even brighter for the outlook for continued growth. "
In addition, "economic psychology has improved significantly in October," he said. "Both the consumer sentiment index and the corporate economic index recorded double-digit increases, both of which were the largest increases in 11 years and 6 months. I explained.
"This is also a green light that signals a faster economic recovery," he said.

For statistics that do not play a role in supporting "economic recovery," the grounds for "economic recovery" were presented through detailed analysis.
According to the Ministry of Trade, Industry and Energy (equivalent to the Ministry), exports last month were down 3.6% year-on-year.
President Mun said, "Exports continue to be strong even in the October export results announced yesterday." "The number of operating days has decreased, and the total monthly export value has decreased slightly.
However, the average daily export value turned positive for the first time in nine months since January before the corona outbreak, reaching the highest level in 13 months. "
On top of that, he evaluated it as "a track record that raises confidence that the Korean economy can be restored quickly."

President Mun said, "We will have to strive for sustainable epidemics commensurate with the times when we coexist with Corona, and we will have to focus more on efforts to boost the vitality of the economy." If the recovery phase is maintained, the Korean economy will be able to recover from the impact of Corona and return to normal from the first half of next year. "

(손덕호,Son Deok-ho, ソン・ドクホ) Reporter
Chosun.com / Chosun Ilbo Japanese version