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North Korea’s Economy Grew in 2019, Despite International Sanctions – The Wall Street Journal


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North Korea’s Economy Grew in 2019, Despite International Sanctions – The Wall Street Journal

SEOUL—North Korea’s economy grew 0.4% in 2019, the first time Pyongyang showed positive growth in three years, helped by construction activity and expanded agricultural output, South Korea’s central bank said. But North Korea watchers cautioned against reading this as a sign of a recovery for Pyongyang’s sanctions-hit economy. The period measured was before the global…

SEOUL—North Korea’s economy grew 0.4% in 2019, the first time Pyongyang showed positive growth in three years, helped by construction activity and expanded agricultural output, South Korea’s central bank said.

But North Korea watchers cautioned against reading this as a sign of a recovery for Pyongyang’s sanctions-hit economy. The period measured was before the global spread of the new coronavirus, and the country’s mining industry, once a key cash generator, shrank for the third consecutive year.

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