It was a photo finish, but South Korea surprised market watchers by narrowly avoiding recession.
Instead of an expected downturn, Asia's fourth-largest economy squeaked out slight first-quarter GDP growth of 0.1 percent, rather than contracting by .2 percent as expected, according to the Bank of Korea.
This could signal good news for the global economy, because South Korea was battered harder than other Asian economies by the U.S. credit crisis. 
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CNN Asia Business Editor Eunice Yoon contributed to this report.
All About South Korea • Bank of Korea • Economic Stimulus
