North Korea’s economy will probably eke out growth this year after shrinking for two straight years as the impact of a restored rail link with China outweighs the hit from the country’s virus outbreak, according to Fitch Solutions.
The country’s gross domestic output failed to recover ground last year from a 4.5% contraction in 2020 as pandemic border closures hurt an economy already struggling under sanctions, according to a Bank of Korea report this week.
