Sanctions are crippling North Korea’s economy
|07/20/2018||Posted by BusinessMediaguide.Com under General World News||
- North Korea’s economy saw its sharpest decline in two decades last year.
- The United Nations tightened sanctions against the country in August.
- The sanctions look poised to remain in place until North Korea makes moves toward denuclearization.
The North Korean economy saw its steepest decline in 20 years in 2017, according to South Korea’s central bank, as the isolated country faces mounting sanctions.
Real gross domestic product in North Korea fell by 3.5% last year, the Bank of Korea said in a statement Friday, the largest decline since 1997 when the country suffered a devastating famine. North Korea doesn’t independently publish figures on read more >>>