The central bank has warned of a contraction in the first quarter for the world’s 12th-largest economy, noting the epidemic will hit both consumption and exports. Coronavirus SouthKorea Epidemic China Asia
South Korean President Moon Jae-in and his ministers wearing face masks attend a cabinet meeting at the government complex in Seoul on March 3, 2020. – South Korea’s coronavirus case total — the largest in the world outside China — approached 5,000 on March 3 as authorities reported 477 new cases. / – South Korea OUT / REPUBLIC OF KOREA
The central bank has warned of a contraction in the first quarter for the world’s 12th-largest economy, noting the epidemic will hit both consumption and exports. South Korea confirmed 851 new cases Tuesday, taking the national total to 5,186, the Korea Centers for Disease Control and Prevention said, adding that two more people had died, raising the toll to 28.
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