Chungnam Northern Chamber of Commerce and Industry holds ‘188th Chungnam Economic Forum Breakfast Lecture’

The ‘188th Chungnam Economic Forum Breakfast Lecture’, co-hosted by the Chungnam Northern Chamber of Commerce (Chairman Moon Sang-in) and the Hyundai Economic Research Institute and sponsored by Chungcheongnam-do, Cheonan City, Asan City, and Hana Bank, was held on the 24th at the 10th floor convention hall of the Chungnam Northern Chamber of Commerce. It was successfully held with about 140 businessmen, institutions, and group leaders in attendance.

The topic of this lecture was ‘Economic Insight – Domestic and International Economic Issue Trends’, and Dr. Kim Han-jin, well known as the representative economist of Sampro TV, gave the lecture.

Regarding the interest rate outlook, Dr. Kim Han-jin said, “Even if the interest rate cut begins, the final interest rate level is expected to be higher than in the past due to the significant increase in the money supply during the Corona period. G10 central bank assets increased to $23 trillion during the pandemic period, compared to $16 trillion.” “It increased significantly, increasing by 44%,” he explained.

As for other issues, he said, “The recovery in global trade is slower than in other cycles where the economy recovered in the past,” and “the economic performance will continue to be felt differently by country, industry, and company.”

Additionally, regarding the U.S. economy, he said, “With its high productivity, R&D capabilities, intellectual property, and reserve currency status, the U.S. will have the upper hand for some time.” He added, “As we enter the era of innovative companies, the boom will continue with the growth of IT companies.” said.

He also said, “China will suffer from deflation for a while, but we predict that the Chinese economy will improve in the long run.”

In addition, regarding the domestic economic situation, he said, “We are benefiting from the semiconductor industry, but overall, there is a high risk of mid- to long-term low growth.” He added, “We believe that real estate PF worth 170 trillion won is a risk that can be easily overcome, but export growth has not recovered, and growth is in the 1% range.” “It can become fixed,” he emphasized.

Along with this, as a trend to be aware of, he said, “Innovative technologies such as the application of software to the manufacturing industry will lead new investment and demand,” and “carbon emissions regulations due to climate change and the aging global population are expected to lead to rapid growth in related industries. “I do it,” he said.

The CEO of S Corporation, who attended the forum on this day, said, “It was a great help in understanding environmental changes and trends due to domestic and international economic issues,” and added, “We will identify and prepare in advance for risk factors such as interest rate changes and the U.S. presidential election.”

Meanwhile, the Chungnam Economic Forum provides free lectures to business executives and employees every other month to help with business operations through special lectures on issues in various fields.

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