Posted on 07/20/2018 8:19:18 AM PDT by CondoleezzaProtege
North Korea’s economy contracted at the sharpest rate in two decades in 2017, South Korea’s central bank estimated Friday.
Gross domestic product (GDP) in North Korea last year shrank 3.5 percent from the previous year, marking the biggest decline since a 6.5 percent drop in 1997 when the isolated nation was hit by a devastating famine.
North Korea does not publish economic data, and comprehensive public figures on social conditions are nonexistent.
However, analysts believe wider sanctions last year are likely to make the economic deterioration in 2018 worse than 2017, which could add to humanitarian need in the politically isolated state.
North Korean defectors in the South say they hear reports of increased suffering.
(Excerpt) Read more at reuters.com ...
Keep the squeeze on until the nukes are gone.
It’s the sanctions. It’s not the usual result of socialism. If it weren’t for the sanctions, North Korea would be as prosperous as South Korea. Uh huh.
Maybe it’s time to give up on that Communism, Kimmy.
For a number of years the USSR didn't believe its own economic data, and relied on public CIA publications to get a more accurate handle on what was going on.
I don't think it's even communism. It's just that the entire
country: land, cars, roads, buildings, power
plants, the people and their children, the very lives
of everybody, belong to Fat Boy Kim. In North Korea
people exist for only one purpose, to serve
Kim and satisfy his every whim.
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