With all the votes from Korea’s parliamentary election now counted, it has been confirmed that President Moon’s Democratic Party (DP) and its affiliate party won 180 of the 300 seats in the National Assembly Seats. That gives the DP the three-fifths “supermajority” needed to pass bills unilaterally. The government’s priority over the coming months will be providing support to the economy which is being hit hard by the current crisis. Meanwhile, Pakistan’s central bank cut interest rates by a further 200bp earlier this week. With activity collapsing and inflationary pressures falling, further cuts are likely.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services