"North Korean real annual GDP decreased by 1.1% in 2015, the lowest growth rate since 2007 (-1.2%)," the press release read.
Mining and manufacturing represent the largest decline in GDP in the wake of serious decline of the price of coal, North Korea`s main export, according to the bank`s estimates.
The recent round of the UN sanctions targeting trade in commodities is likely to further hurt the economy, the press release said.
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