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Sat, March 25, 2023 | 03:45
National
Korea's real economy faces triple whammy amid recession fears
국내 실물경제, 불황 위기 가운데 삼중고 직면
Posted : 2022-11-03 09:43
Updated : 2022-11-03 09:43
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Containers are stacked at a pier in the southeastern port city of Busan, Oct. 11. Yonhap지난 10월 11일 부산의 남동쪽 부두에서 촬영된 이 사진에 컨테이너들이 쌓여있다.
Containers are stacked at a pier in the southeastern port city of Busan, Oct. 11. Yonhap
지난 10월 11일 부산의 남동쪽 부두에서 촬영된 이 사진에 컨테이너들이 쌓여있다.

Halloween tragedy feared to have negative impact on economy
핼러윈 참사로 인해 경제 악영향 우려돼


By Lee Min-hyung

The real economy is feared to suffer a prolonged triple whammy of declining industrial output, retail sales and facility investments, as global monetary tightening jeopardizes the nation's economic recovery, Statistics Korea said Monday.
월요일 통계청에 따르면 세계적 금융 긴축이 국내 경제 회복을 위태롭게 하면서 실물경제가 장기간의 산업생산, 소매판매 및 설비투자 감소라는 삼중고를 겪을 것으로 우려된다.


This is the first time in two months since July that the economy has faced the triple declines. The authority raised the alarm about heightened economic uncertainties regarding prices and interest rates, saying that exports and domestic consumption may slow down further.
실물경제는 7월 이후 2개월 만에 최초로 세 영역에서 감소세를 보였다. 당국은 수출과 국내 소비가 더 둔화할 것으로 보인다고 전하며 가격과 이자율에 관한 경제적 불확실성이 증가한 것에 대해 경종을 울렸다.


Experts also point out that the latest tragedy in Itaewon will pose a negative impact on the economy.
또 전문가들은 최근 발생한 이태원 참사가 경제에 부정적 영향을 미칠 것이라고 지적했다.


According to data from the statistics authority, industrial output fell by 0.6 percent in September from a month earlier. The figure reported declines for three consecutive months since July. The drop was attributable to weak semiconductor production caused by China's lockdown and sluggish growth in international demand.
통계청 자료에 따르면 9월 산업생산량은 지난달에 비해 0.6% 가량 하락했다. 이 수치는 7월 이래로 3개월 연속 하락세를 보였다. 중국의 봉쇄 조치와 전 세계적 수요가 더디게 증가하며 반도체 생산이 약해진 것이 원인이다.


Retail sales also failed to extend their upward momentum and ended up falling by 1.8 percent during the same period on base effects, as demand for food and beverages soared in August due to the Chuseok holiday which fell in early September.
8월 추석 명절로 인해 식음료 수요가 증가했으나 9월 초 하락하면서 같은 기간 동안 기저 효과로 인해 소매 판매 역시 상승세 확장에 실패해 1.8% 하락했다.


Facility investments declined 2.4 percent in September on weak investments in semiconductor manufacturing facilities. But investments in transportation equipment increased by 11.5 percent during the same period.
9월 설비투자는 반도체 생산설비 투자가 약화하면서 2.4% 감소했다. 그러나 같은 시기 동안 운송 장비 투자는 11.5% 증가했다.


Economists said the economy would remain stuck in the doldrums amid escalating recession fears ― triggered by additional key rate hikes.
경제전문가들은 추가적인 금리 증가에 자극받아 발생한 불황 우려가 증가하는 가운데 경제가 침체한 상태를 유지할 것이라 전했다.


"The economy will keep grappling with recession fears amid the widening interest rate gap between the U.S. and Korea, soaring prices and the possibility of additional rate hikes by the Bank of Korea," Yonsei University economics professor Sung Tae-yoon said.
성태윤 연세대학교 경제학부 교수는 "한미 금리 격차 확대, 물가 급등, 한국은행의 추가 금리 인상 가능성 속에서 경제는 경기침체 우려와 싸울 것"이라고 전했다.


The economist also pointed out that the economy will face a growing risk of entering a period of stagflation, a combination of high inflation and slow economic growth.
또 성 교수는 높은 인플레이션과 약한 경제 성장이 합쳐진 스태그플레이션 시기를 마주할 위험이 증가하고 있다고 지적했다.


"The latest tragedy in Itaewon will pose a negative impact on the economy, but much more important is the possible aftermath of stagflation," he said. The tragedy in Seoul's Itaewon left at least 154 people dead. Other planned Halloween events have mostly been canceled after the incident, triggering concern that this would negatively impact consumption. According to the LG Economic Research Institute, the 2014 ferry Sewol sinking that killed 304 people had a notable impact on consumption, including credit card spending and dwindling expenditures on leisure activities such as travel and sports.
그는 "이태원 참사는 경제에 악영향을 미칠 것이지만 스태그플레이션 여파의 가능성이 훨씬 더 중요하다"고 덧붙였다. 서울 이태원에서 발생한 참사로 인해 최소 154명이 사망했다. 사건 이후 예정되었던 핼러윈 행사 대부분이 취소되면서 이태원 참사가 소비에 부정적인 영향을 끼칠 것이라는 우려를 촉발했다. LG 경영연구원에 따르면 2014년 304명의 목숨을 앗아간 세월호 참사도 신용카드 지출 및 여행, 스포츠와 같은 여가 활동 지출 감소 등 소비에 눈에 띄는 영향을 미쳤다.


KEY WORDS
■ jeopardize 위태롭게 하다
■ heighten 고조되다[고조시키다]
■ regarding ~에 관하여
■ tragedy 비극
■ consecutive 연이은
■ attributable ~가 원인인, ~에 기인하는
■ sluggish 부진한
■ soar 급증하다
■ doldrums 침울, 우울
■ recession 경기 후퇴, 불경기, 불황
■ grapple with ~을 해결하려고 노력하다
■ notable 주목할 만한
■ dwindle 줄어들다

기사 원문 보기


Emailywjeon@ktimes.com Article ListMore articles by this reporter
 
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