  Analysis Why the COVID-19 crisis could actually benefit the North Korean economyThe benefits of growing U.S.-China tensions may outweigh the damage caused by the pandemic  North Korea’s economy is enduring significant stress as a result of the coronavirus crisis. There are signs, however, that the longer-term effects of COVID-19 will be far less negative for the North’s leadership. NK Pro analysis indicates that Pyongyang has reason to be optimistic concerning several key economic areas: China is preparing for large-scale U.S. financial sanctions, and so will likely be less deterred by secondary sanctions on Chinese firms and banks than it would have been in the past. The U.S.-China relationship is crucial to sanctions enforcement. Economic instability in© Korea Risk Group. All rights reserved. 
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November 23, 2024
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