Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Kim Sei-wan, professor of economics at Ewha Womans University.
Professor Kim, thank you as always for coming on.
Addressing the American people last night, our time, President Trump said that instead of striking back at Iran for its missile attack, he will impose extremely tough sanctions. This would seem to alleviate the concerns of some, but Iran is already under all kinds of sanctions. What options does President Trump have?
With war averted, oil prices are coming back down. Uncertainty relieved in the financial markets. What's the story today in terms of the markets, and oil prices especially?
This sort of mood will have had a positive effect on the financial markets. Tell us more about that.
The World Bank is estimating global economic growth this year to be the weakest since 2009 and the financial crisis. But it's forecasting a pick-up in 2021 and 2022. Why would growth be lower this year?
The government has a so-called "super budget" for this year to stimulate the economy, with more than 71 percent of it to be spent in the firste half of the year. But it's running on the country's biggest-ever deficit, so there are concerns about that. Is there something to worry about here?
Alright, Dr. Kim.
We'll have to leave it there for today.
Thanks so much for sharing your insights.