North Korean economy suffers steepest decline in two decades

“But sanctions imposed by the U.N. Security Council and the U.S. government appear to have hit the North Korean economy hard last year” writes Adam Taylor for In 2016, the North Korean economy was estimated to have grown by 3.9 percent — the greatest annual increase in more than a decade.SEOUL — North Korea’s economy had its biggest decline in two decades amid tightening international sanctions last year, according to a new Bank of Korea estimate released Friday.

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