Shocking First-Quarter Negative Growth... Growth Outlook Remains Uncertain [3-Minute Brief]

[At a Glance]
① Next year's growth rate lowered by 0.3 percentage points to 1.3%
② China: "If the US wants trade talks, all tariffs must be completely lifted"
③ The US loses its place at the international climate summit

MARKET INDEX : Year to date

○The market rose for the second consecutive week, recovering to the 2,540 level, following conciliatory gestures from Trump.
○Expectations for an easing of the extreme standoff between the US and China, as well as additional policy momentum such as a supplementary budget, contributed to the gains.
○However, there are concerns about deteriorating economic indicators due to tariffs. "A limited upward trend is expected."

Top3 NEWS

■ Korea's first-quarter negative growth leads to a series of downward revisions in growth forecasts

○"First-quarter negative growth and the possibility of prolonged US tariff policies"
○Base interest rate lowered from 2.0% to 1.5%
○Supplementary budget size expected to increase from 35 trillion won to 50 trillion won

■ Despite US overtures, China insists "Tariffs must be lifted first"

○China dismisses US-China negotiation reports as "fake news"
○Trump counters, saying he spoke with China in the morning
○It is expected that it will take time for the two countries to reach an agreement

■ Trump excluded from 'Climate Summit', Xi Jinping praised

○The UN Climate Summit was held on the 23rd
○Xi Jinping was invited, but Trump was excluded
○The United Nations is openly praising China

Graphic News: More companies unable to repay debt... Bank loan delinquency rate hits highest in 6 years and 3 months

○In February, the domestic bank loan delinquency rate reached 0.58%, the highest in over 6 years
○Due to the economic downturn, the delinquency rate for small and medium-sized business loans surged
○This represents a 0.07 percentage point increase compared to the same period last year

the Chart: Why are large-cap stocks sluggish despite the US relief rally?

○KOSPI large-cap stocks ended weak despite strong earnings
○Foreign investors have been net sellers for nine consecutive months, adding pressure
○Funds are moving to parking-type products such as RPs, leading to an exodus

Today's Key Schedule

○Domestic

KOSDAQ Sek listed, final public offering price 15,000 won

KOSDAQ OrganoidScience, final public offering price 21,000 won

○Overseas

19:00 France, total job seekers (March)

21:30 Canada, wholesale sales (MoM) (March)

◇Lunch & Evening Commute Weather

○Lowest temperature 9℃(▲2℃) ｜Highest temperature: 18℃(0℃)
○Chance of precipitation: 10% in the morning｜0% in the afternoon
○Fine dust: moderate in the morning｜moderate in the afternoon

3 minutes is all you need: essential, high-value economic news. Published daily at 8:00 AM.