South Korea ’s economy expanded at the fastest pace in almost six years last quarter as exports and household spending jumped.

Gross domestic product (GDP) rose by +2.3% from the first quarter, when the nation skirted a recession by growing +0.1%, according to the Bank of Korea. That was slightly better than the +2.2% growth estimated by economists.

South Korea joins China and Singapore in leading a regional rebound, marking a turnaround for an economy whose currency tumbled -26% last year on concern companies would be unable to repay foreign debt.