🇰🇷 Oil Price Shock Impact on South Korea
Modeled estimates of how a sudden oil price increase (to $128/barrel, realistic sensitivity) would affect different sectors of South Korea's economy.
Sectors
- ✈️ Travel & Tourism — estimated +14.6% to +26.7%
- 🚛 Transportation — estimated +19.4% to +35.6%
- 🛒 Food & Groceries — estimated +7.3% to +17.8%
- ⚡ Energy — estimated +24.3% to +41.6%
- 🏗️ Construction — estimated +9.7% to +20.8%
- 🏠 General Cost of Living — estimated +12.2% to +23.8%