ID :
125447
Tue, 06/01/2010 - 15:18
Auther :

SKorea has highest economic growth rate among 30 OECD countries.



1/6 Tass 26

TOKYO, June 1 (Itar-Tass) -- South Korea is in the lead by the
economic growth rate among 30 industrially developed countries, integrated
in the Organization for Economic Cooperation and Development (OECD).
According to the OECD report, circulated in Seoul on Tuesday, South Korea'
s gross domestic product (GDP) grew by 1.8 per cent between January and
March, this year, as against the previous quarter. At the same time, the
average economic growth rate among the OECD member countries for that
period was 0.7 per cent.
In the sixteen countries of the euro zone GDP grew only by 0.2 per
cent.
South Korea is followed by Sweden, whose economic growth rate was 1.4
per cent, and by Japan (1.2 per cent). The last two countries out of the
five leaders were Hungary (0.9 per cent) and the United States (0.8 per
cent).
The South Korean economy is confidently coming out of the crisis,
which hit the world economy in 2008, thanks to the growing exports and the
measures, taken by the government for stimulating the economic growth. Its
GDP is expected to grow by 5.9 per cent in 2010.
-0-rom/ast

X