North Korea's economy shrank in 2018 for a second straight year, and by the...
FILE PHOTO: The 170-metre tall Juche Tower and other buildings are seen as morning fog blankets Pyongyang, North Korea, September 8, 2018. REUTERS/Danish Siddiqui/File Photo
North Korea’s gross domestic product contracted by 4.1% last year in real terms, the worst since 1997 and the second consecutive year of decline after a 3.5% fall in 2017, the South’s Bank of Korea estimated. North Korea’s international trade fell 48.4% in value in 2018 as tougher international sanctions in late 2016 and 2017 cut exports by nearly 90%, the Bank of Korea said.
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