Korea boasts world-class tolerance against economic crises
- 9 years ago
Despite the MERS outbreak's negative effect on the Korean economy, recent analysis has found that Korea is a country best equipped to weather economic crises.
According to the POSCO Research Institute, which analyzed the vulnerability of 30 emerging economies, Korea is not subject to any of the six factors that signal weakness.
The factors include external debt to GDP ratio, inflation rate and economic growth rate.
Most emerging economies on the list, including Indonesia, India, Russia and Poland had at least one weakness.
Analysts say most Asian nations, including Korea,... are fairly strong when it comes to their foreign exchange positions and economic fundamentals.
And according to the latest edition of Britain-based The Economist, Korea was ranked second …after Norway… as having the most "wiggle-room" to economic shocks.
According to the POSCO Research Institute, which analyzed the vulnerability of 30 emerging economies, Korea is not subject to any of the six factors that signal weakness.
The factors include external debt to GDP ratio, inflation rate and economic growth rate.
Most emerging economies on the list, including Indonesia, India, Russia and Poland had at least one weakness.
Analysts say most Asian nations, including Korea,... are fairly strong when it comes to their foreign exchange positions and economic fundamentals.
And according to the latest edition of Britain-based The Economist, Korea was ranked second …after Norway… as having the most "wiggle-room" to economic shocks.