Amid concerns over a global economic slowdown, the ‘economic distress index’, an indicator of the economy felt by adding up the consumer price index and the unemployment rate, has been shown to rise significantly.
According to Bloomberg on the 10th local time, Korea’s ‘economic pain index’ recorded 8.8 last month, up 0.4 points from 8.4 the previous month.
This is close to the ‘economic pain index’ of 9.0 in July 2008, during the global financial crisis, Bloomberg explained.
In addition, the ‘economic distress index’ of the United States as of May was 12.2, similar to the initial spread of Corona 19, and the European Union (EU) showed 14.9, surpassing the figure of 14.2 at the time of the European financial crisis in 2012.
Japan recorded 5.1, almost double the average of 2.6 last year.
In particular, the ‘economic distress index’ of Sri Lanka, where anti-government protests occurred due to the economic crisis, was 59.20 and 27.23 in Pakistan, the highest ever recorded.
[사진 출처 : 게티이미지]
