Graph: Yonhap News
The Organization for Economic Cooperation and Development forecast that South Korea's economy will contract 0.8 percent in 2020 -- the highest growth estimate among its 37 member countries.
The prediction announced Tuesday marks an upgrade from its June forecast of 1.2 percent contraction.
The figure is also comparable to the OECD average of minus 7.5 percent.
South Korea was the sole member to enjoy an upgrade after the OECD revised its full-year growth forecasts for its member countries on the basis of their second-quarter performances.
The OECD attributed its upgrade to Seoul's proper and quick response to the COVID-19 outbreak, which has led to far less of a drop in growth and employment than other member nations.
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