■ The analysis finds that Korea’s GDP will most probably slip significantly below the previous path due to COVID-19, and the future trend is still very uncertain. ■ Short-term responses to the pandemic should focus on the prevention of a further spread while at the same time policy...

■ According to the analysis, the declining growth rate of the Korean economy since the global financial crisis was mainly attributable to the slowdown in productivity improvement.- During 2001~10, the slowdown in capital supply growth was the main driver of falling economic growth.- In...