In its first monthly economic report released since the emergency martial declaration last week, the government has raised concerns about a potential increase in downside risks due to weakened economic sentiment.

The Ministry of Economy and Finance presented the assessment Friday in its Green Book for December, saying that while price stability continues, there are concerns about the possibility of increased downside risks due to growing domestic and external uncertainties, including private spending and decreased business investment.

Following last week's brief martial law order, some countries designated South Korea as a travel-risk country, which has also resulted in a decline in overseas travelers.

While last month's assessment cited "uncertainties due to changes in domestic and external conditions," this month it was replaced with "expansion of domestic and external conditions," reflecting heightened uncertainty.

The terms "emergency martial law" or "impeachment crisis" were not directly mentioned in this month's Green Book, however it cited "political uncertainty," a term used in December 2016, during the impeachment of former President Park Geun-hye.