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Title Vol. 87 21st National Assembly and Economic Outlook of Korea (English Edition)

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It is a difficult time of the 21st National Assembly period to predict the direction of the global economy due to US-China trade disputes and the impact of the COVID-19 pandemic. Under the global economic uncertainty, Korea's economic growth rate is expected to fall by 0.8%p from the 2.8% annual rate in the previous five years (2015-2019) to 2.0% in 2020-2024. The 21st National Assembly is a critical event to overcome economic difficulties and adapt to the changes in the global economy. Moreoever, it is a critical time to find new growth engines and use them as momentum to leap forward.

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