Comment: South Korea is world leader in crisis management
The Asian nation’s handling of Covid-19 and the subsequent economic fallout shows up the incompetence displayed by some other advanced economies
Last week the OECD signalled that it would be revising its 2020 real (inflation-adjusted) GDP forecast for South Korea from -1.2 per cent to -0.8 per cent, adding to the confidence that the country is faring better economically than any other OECD member.
On average, the group’s 37 member states are projected to experience a real GDP contraction of 7.6 per cent. Worse, this news came just a day before the British government reported a ...