The North Korean economy began to grow faster than the Russian

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www.vsyako.netPhoto: Danish Siddiqui / Reuters

The GDP of North Korea in 2019 amounted to 1.8 percent, and in 2020 and 2021-m, according to forecasts, it will reach the level of 2.2 and 2.8 percent, respectively. This is with reference to South Korean TV station KBS reported TASS.

Last year, according to experts, the Russian economy grew by 1-1. 1 per cent, although, in particular, S&P calls a preliminary number of 1.3 percent.

Next year, the economy Ministry forecast is 1.7 percent, although the Agency expected two percent. Italian Bank UniCredit does not imply that in 2020 and 2021-m, the Russian economy will reach growth of 1.5 percent, and international insurance company Euler Hermes expects this level Russia is rising in 2021. The same company predicted the world economy to grow by 2.4 and 2.8 percent, respectively.

Meanwhile, in his address to the Federal Assembly on 15 January, Russian President Vladimir Putin said that in 2021 the growth of the Russian economy will exceed the global average. In his opinion, this will result in a new investment cycle with the planned increase in investment each year, not less than 5 percent. At the moment, the world’s leading banks and rating agencies do not see this opportunity.

In the South Korean media reports did not specify how North Korea has managed to achieve economic growth in the condition existing in relation to the country of tougher sanctions. In 2017 and 2018, the years North Korea’s economy fell by 3.5 and 4.2 percent. KBS also said that consumer prices in the country are growing faster than GDP.

Earlier it became known that Russia will allocate almost five million dollars to fight infant mortality in North Korea.
The money will go to funding the project UN Children’s Fund (UNICEF).

Video, photo All from Russia.

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