Mers hits South Korea's economy as second quarter growth slumps to 0.3%
July 23 , 2015
The Mers outbreak, together with weak exports, has hit South Korea’s economic growth. In the second quarter, the country’s economy expanded by just 0.3% compared to the 0.8% growth in this year’s first quarter, making it a six-year low.
While a slump in exports has continued, the Middle East Respiratory Syndrome (Mers) has affected tourism and consumer spending. About 30 people have died from the virus in the past three months and scores have been infected.