Wrapping up a two-week visit, the International Monetary Fund said it expects Asia's fourth-largest economy to expand 3.2 percent this year, up from its earlier prediction of 3.0 percent.
It also forecast growth of around three percent in 2018.
Telangana ASI suspended over getting massage done by woman home guard
An investigation has been ordered against the officer, who has been identified as Hassan, an assistant Sub Inspector at Gadwal. Rachakonda Police Commissioner Mahesh Bhagwat transferred him to the commissionerate headquarters as departmental punishment.
The upward revision is higher than the outlook of South Korea's central bank, which last month raised its forecast to 3.0 percent citing moderate recovery of exports and domestic consumption. Next year's growth forecast was unchanged at 3.0 percent.
"This recovery in many countries of Europe is now increasingly solidifying and strengthening", said Jorg Decressin, deputy director of the IMF's European Department.
Govt urged to take action as new report shows rents reach record high
Mr Lyons also says there is a chronic shortage of homes available to rent. Daft's Ronan Lyons says we're not building the right type of homes.
However, it noted that the economy failed to maintain a sustainable growth due to structural problems such as the deepening of disparity and bipolarization, slowing productivity and the negative demographic structure.
The global body recommended South Korea to maintain accommodative monetary policy and expansionary fiscal policy.
Facebook safe from massive privacy lawsuit for now
Those Facebook users are domiciled in Austria, Germany and India. "Today's opinion supports the decisions of two courts that Mr. Schrems' chances of succeeding are slim, EU Court of Justice Advocate General Michal Bobek said Tuesday in his decision.
The market consensus is that the BOK will raise interest rates for the first time in more than six years at its November 30 meeting after the economy posted its fastest growth in seven years in the third quarter.