South Korea's economic growth in the first quarter stood at the highest among the Organization for Economic Cooperation and Development (OECD) members, the finance ministry said Wednesday.
The country's on-quarter economic growth marked 0.1 percent in the first quarter of the year, the only member among the 29 OECD member countries to post positive economic growth, according to the ministry.
The South Korean economy, which declined by 5.1 percent on quarter during the last quarter of last year, was able to log positive growth in the following quarter, helped by increased fiscal spending.
According to the finance ministry, the average on-quarter growth of OECD member countries marked minus 2.1 percent in the first quarter amid the global financial crisis.
The South Korean government forecasts a contraction of 2 percent for Asia's fourth largest economy in 2009.
Source: Xinhua
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