South Korea’s exports suffer worst slump in 11 years as pandemic shatters world trade
By Administrator_India Capital Sands The coronavirus crisis sent South Korean exports plunging in April at their sharpest pace since the global financial crisis, signaling a bleak outlook for international trade as the pandemic paralyzes the world economy and shatters demand. Exports dived 24.3% year-on-year in April, trade ministry data showed on Friday, the worst contraction since May 2009 but slightly slower than a 25.4% fall tipped in a survey. It slid 0.7% in the previous month. The average exports per working day, excluding the calendar effect, however, tumbled 17.4%, far…
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