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.

Topics:  north korea s   south korea s   gdp   north korea   sanctions   shrank   economy   sharpest rate   year   percent   economic   
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