{"id":20891,"date":"2020-07-23T14:06:11","date_gmt":"2020-07-23T05:06:11","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2020\/jul\/23\/global-report-coronavirus-covid-19-south-korea-goes-into-recession-as-australia-flags-huge-deficit"},"modified":"2020-07-23T14:06:11","modified_gmt":"2020-07-23T05:06:11","slug":"global-report-south-korea-goes-into-recession-as-australia-flags-huge-deficit","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=20891","title":{"rendered":"Global report: South Korea goes into recession as Australia flags huge deficit"},"content":{"rendered":"<p>United States nears four million Covid-19 cases; Trump blames BLM protests for spread; Hong Kong sees more than 110 new infections<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/world\/series\/coronavirus-live\/latest\">Coronavirus \u2013 latest updates<\/a><\/li>\n<li><a href=\"https:\/\/www.theguardian.com\/world\/coronavirus-outbreak\">See all our coronavirus coverage<\/a><\/li>\n<\/ul>\n<p><strong>South Korea<\/strong>\u2019s economy has recorded its worst performance in more than 20 years amid plummeting exports as a result of the coronavirus pandemic.<\/p>\n<p>Asia\u2019s fourth-largest economy contracted 2.9% year-on-year in the April-June period, the Bank of Korea said, after a fall of 1.3% in the first quarter, putting the country into recession for the first time in around two decades. It\u2019s the fastest decline since the aftermath of the 1998 Asian financial crisis, when it fell 3.8%.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2020\/jul\/23\/global-report-coronavirus-covid-19-south-korea-goes-into-recession-as-australia-flags-huge-deficit\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United States nears four million Covid-19 cases; Trump blames BLM protests for spread; Hong Kong sees more than 110 new infectionsCoronavirus \u2013 latest updatesSee all our coronavirus coverageSouth Korea\u2019s economy has recorded its worst performance in mo&#8230;<\/p>\n","protected":false},"author":854,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,43,1069,914,299,222,47,42],"tags":[],"class_list":["post-20891","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-australia-news","category-coronavirus-outbreak","category-infectious-diseases","category-science","category-south-korea","category-us-news","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/854"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20891"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20891\/revisions"}],"predecessor-version":[{"id":20892,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/20891\/revisions\/20892"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}