Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Yang Jun-sok, Professor of Economics at the Catholic University of Korea.
Professor Yang, good afternoon. Thanks for coming on today.
Let's start with this World Economic Outlook from the IMF, which lowers the IMF's growth forecast this year for the American economy by a full one percent now to 6 percent for the year. That's the biggest cut for any of the G7 countries. But the IMF is sticking with its forecast for Korea. Tell us about that, and what do you take away from this report.
On Wall Street overnight, the declines continued, all three main indices down for a third session in a row. Though Tuesday's decline wasn't nearly as big as some we've seen recently. Earnings coming up and minutes from the Fed's latest meeting. What's the story in the global markets?
Here in Korea today, a bit of a rebound in the markets. The KOSPI staying above that 29-hundred point mark thanks to strength in tech shares. Tell us about the domestic market.
Finally, professor, employment in Korea. The data for September show the biggest increase in more than seven years in the number of people employed. An increase of about 670-thousand from a year earlier. What do you make of these numbers?