North Korean Economy Suffered Sharpest Drop In 2 Decades, South Says

[soryang]

North Korean Economy Suffered Sharpest Drop In 2 Decades, South Says

Colin Dwyer

Not since a deadly famine was ravaging North Korea in 1997 has the country seen its economy contract at such a large rate as it did last year. After a couple of years of growth, the country's estimated gross domestic product went reeling in the other direction in 2017, shrinking 3.5 percent, according to South Korea's central bank...

"The negative growth is attributable to a drop in its mining output and a retreat in its heavy and chemical industries, as the United Nations imposed tougher sanctions over its nuclear and missile activities," one official told South Korea's Yonhap news agency.

https://www.npr.org/2018/07/20/630781976/north-korean-economy-suffered-sharpest-drop-in-2-decades-south-says

Good discussion of the estimated impact of the sanctions.

[AJT]

1. If North Korea makes any deal 45 will claim credit.