Economics
North Korea’s Economy Seen Barely Growing as Pandemic Pain Lasts
- Fitch Solutions cuts growth outlook for 2021 to 0.5% from 2.5%
- International sanctions, Covid restrictions to stymie growth
Photographer: Kim Won Jin/AFP/Getty Images
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North Korea’s economy will barely grow in 2021 after its worst contraction in decades as the country continues to struggle with the pandemic, U.S. sanctions and a lack of trade with China, according to Fitch Solutions.