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Korea

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Abstract:

In contrast to most other OECD countries Korea had only one quarter of negative GDP growth in the current economic crisis, but the decline in the fourth quarter of 2008 was substantial (‐5.1%). Unemployment increased in the following quarter (to 3.8% from 3.1%), but has been declining each quarter since then.

Document Type: Review Article

Publication date: June 1, 2010

oecd/16080289/2010/00002010/00000004/8110101ec023
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