The Korea Herald

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[Graphic News] North Korean economy contracts 4.1% last year

By Nam Kyung-don

Published : July 29, 2019 - 18:20

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North Korea’s fragile economy is estimated to have contracted for a second consecutive year in 2018, South Korea’s central bank said last week, an apparent outcome of what many have called unprecedentedly strong international sanctions against the communist state.

The country’s real gross domestic product  is believed to have shrunk 4.1 percent last year from the year before, according to the Bank of Korea. (Yonhap)