These buildings and others like them have been at the heart of the South Korean economy’s resilience throughout the pandemic. It shrank by just 1% in 2020, as global output fell by 3.5% and many rich countries suffered much deeper recessions. It is projected to grow by about 3.5% this year—its best pace in a decade. It has already regained its pre-pandemic size. That is a function mainly of exports, which are dominated by semiconductors and other manufactured goods, and were up by 16.
A barista in a coffee shop reports business as usual, except for a few weeks in the winter when she was allowed to serve only take-away. Two young men at an outside table who work for semiconductor firms say the pandemic has made little difference to their lives over the past year. “It’s factory work, not something you can do from home, so we’ve been going to work and taking our breaks here the whole time,” says one.
Emerging markets will looks ugly but certainly would be great for investment. Like Colombia now.
🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲The biggest electoral fraud in US history will never be forgotten.
Why was Trump banned?