404US China Trade war considered a major risk by BOK. - NSP NEWS AGENCY(English)
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US China Trade war considered a major risk by BOK.

NSP NEWS AGENCY, By jeonghyun go Journal, 2019-12-10 11:17 END7
#BOK #US China Trade War

(서울=NSP통신) jeonghyun go Journal = Bank of Korea announced survey result about major risky factors of financial system, their probability and stability.

One of the common risky factors turns to be the trade war between US and China, which 50% of the respondents agreed with.
Besides, global recession, household debt and financial/economic anxiety from China were also added as risks.

According to the respondents, US China Trade war and domestic/global economic slowdown are expected to occur within a year while household debt, financial/economic anxiety from China are expected to happen a little later within three years.

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US and China Trade War and domestic economic slowdown became main risks compared to the survey in May of 2019. Global slowdown and China economic anxiety were newly added.

When it comes to USA and China Trade War, 74% of respondents expect it to happen compared to 67% from the last survey and regarding domestic economic slowdown, the respondents went down to 52% from 66%.

NSP News Agency jeonghyun go Journalist gojh89@nspna.com
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