The Bank of Korea (BOK) released a report today. North Korea's economy experienced its worst contraction in 23 years in 2020 as it was hit by United Nations sanctions and COVID-19 lockdown measures. and bad weather
North Korea's gross domestic product (GDP) contracted 4.5% in 2020, its biggest decline since 1997, after expanding 0.4% in 2019, its first expansion in three years.



“With the continued strong ทางเข้า PG SLOT UN sanctions, as well as North Korea's lockdown measures to combat the COVID-19 pandemic, and bad weather such as heavy rain and typhoon All of them are the main factors contributing to the contraction of the economy,” a BOK official told reporters.



Measures to prevent covid-19 North Korea's borders include closing the border. Quarantine of persons showing symptoms of COVID-19 for 30 days, domestic travel ban and restrictions on entry into the country These movements have had a huge impact on the manufacturing industry and the service sector.



Although North Korea has not yet come out to confirm cases of COVID-19 cases. official But late last month, North Korean leader Kim Jong Un said that Failure to implement measures to contain COVID-19 creates a 'great crisis'



Mr. Kim said North Korea is facing a severe food crisis. referring to the impact of COVID-19 and typhoon last year

North Korea has also closed its borders and halted trade with China, its largest economic route. After the outbreak of COVID-19