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Trade deficit reduction from the second half… Moderate oil prices fall

From the second half of the year, the traffic will also improve, with the slow decline in oil prices.

According to the recent trade deficit evaluation and outlook report released by the Korea International Trade and Trade Research Institute on the 30th, the recent deterioration of trade balance is a common phenomenon of manufacturing exporters such as Germany, Japan, and China, and with a decline in oil prices from the second half It is also expected to gradually improve.

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The report evaluated that the trade deficit was a very unusual phenomenon as exports continued as this year. A total of five trade deficits, which have occurred since 2000, analyzed that the reduction of exports was the cause of trade deficit, such as Lehman.

This year’s trade deficit was also described as a combination of economic fluctuations and structural factors. The economic fluctuation factors cited the expansion of international raw materials such as crude oil, copper, and zinc due to the expectation of the economic recovery, which has spread since last year, and the expansion of import demand for domestic manufacturing companies to fill in stocks exhausted with supply network bottles. The structural cause is that the increase in natural gas imports due to the surge in oil prices and the increase in eco-friendly and low-carbon demand after the Russian-Ukrainian crisis has been a deterioration in trade balance.

Manufacturing countries, which have a high proportion of intermediate goods imports, explained that trade balance worsened at high oil prices, and it showed a pattern of making up for trade balance at low oil prices. Korea’s intermediate goods imports accounted for more than half of the total income (50.9%), and in the last 10 years, three countries in Korea, China, and Japan have been repeatedly repeating the pattern of trade balance fluctuating due to international oil prices..

Recently, even in the trade deficit, current accounts and foreign reserves have maintained a stable situation. In January this year, the trade balance has maintained a $ 1.9 billion surplus, even in the midst of a large deficit of $ 4.74 billion, and the service balance has been significantly reduced since 2017, which has helped the current account surplus since 2017.. As of the end of March, the amount of foreign exchange reserves remained in the world after Hong Kong.

Hong Ji-sang, a researcher at the International Trade and Trade Research Institute, said, “Since May, non-ferrous metals have been on a slight decline, and global outlook institutions are also slowing down in the second half of the year, considering China’s blockade.” Starting, Saudi crude oil will be introduced as an OSP (OSP), and trade reserves will be in place as soon as the crude oil supply and demand situation is improved in the second half of the year. ”

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Games

Gran Turismo 7: New update is the largest construction site

Gran Turismo 7 had to take a lot of criticism in recent weeks. The reason: Sony and Polyphony Digitally introduced microstransaktions into the racing simulation and also lowered the distribution of rewards according to the races. Patch 1.11 Takes this problem now.

More rewards in World Circuits

The developer team Polyphony Digital promised improvement and here you come now. Namely extensive patch 1.11 increases the number of rewards for events in the second half of the World Circuit and additionally adds three new racing events. That’s a good first step, after all, World Circuits are a good source to earn as much as a first place.

Gran Turismo 7: Mehr GELD in Update 1.11

The rewards for arcade and custom races have also been adjusted. Furthermore, Polyphony Digital has raised the maximum for deserved in-game credits to 100 million credits .

But that’s not all: because now you receive rewards for completing all layouts of race tracks of Circuit Experience in gold or bronze.

Patch 1.11 also adds One-hour race , improves certain auto-errors and problems that are autophysics as well as races, and optimizes graphics and audio.

The whole patch notes can be found on the official site of Gran Turismo. (Source: Gran Turismo)

Fan criticism was heard, but there is more to do

On March 17, the controversial patch for Gran Turismo 7, which massively reduced the profits through races. Since then, the racing simulation has been criticized harsh and punished for example on metacritic with miserable evaluations . A player has even developed an AFK method to farm credits without playing the game itself.

With the current patch Polyphony digitally makes a step in the right direction. On Reddit is already discussed about the changes diligently. Since the patch is still quite fresh, not many players could form an opinion yet. The user solveruk is already positively surprised: “The rewards for the Circuit Experience are enormous. Have just received 600K for gold on Brands Hatch . “(Source: Reddit)

However, there is still much to do: further increase the rewards, lower the high prices of some cars and remove the online forced for singleplayer modes.

Gran Turismo 7 is available for PlayStation 4 and PlayStation 5.