Korea posts 2nd lowest Q4 growth among major economies: OECD
SEOUL, Feb. 25 (Yonhap) -- South Korea posted the second lowest economic growth during the fourth quarter of last year among major advanced and emerging economies, data showed Sunday.
Asia's fourth-largest economy shrank 0.2 percent on-quarter in the October-December period to mark the first negative growth in nine years.
It was the second-lowest quarter-to-quarter growth among 23 major economies whose growth figures were available, according to the Organization for Economic Cooperation and Development (OECD). Norway was at the bottom with minus 0.3 percent growth.
China recorded the highest expansion with 1.6 percent, followed by Lithuania with 1.5 percent and Indonesia with 1.3 percent. The average growth rate of the OECD economies was 0.6 percent.
Korea's fourth-quarter decline was mainly due to a base effect, as the economy posted a strong 1.5 percent growth during the previous quarter.
(END)
-
'Queen of Tears' weaves rich tapestry of Korean contemporary art
-
Ateez member Yunho throws first pitch at MLB match between Dodgers, Mets
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
N. Korea calls envisioned U.S. aid to Ukraine 'hallucinogen'
-
N. Korea calls on party propaganda officials to work harder
-
'Queen of Tears' weaves rich tapestry of Korean contemporary art
-
Experts see possibility of N.K. conducting nuclear test before U.S. presidential vote
-
Details of meeting between Yoon, opposition leader undecided: presidential office
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
Looming weekly closure of major hospitals feared to worsen medical service crisis
-
S. Korea eliminated in Olympic football qualifiers as poor defense, undisciplined play prove costly
-
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
(LEAD) 10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
Indonesia coach left with mixed feelings after eliminating native S. Korea in Olympic football qualifiers
-
ADOR CEO calls conflict with Hybe 'worst experience of my life'