The South Korean government on Thursday revised up its growth forecast for the economy this year, as it expects the recent stimulus measures to boost economic activity further ahead.
The Finance Ministry forecasts the economy to grow 2.7 percent in 2013, faster than an initial estimate of 2.3 percent expansion.
The upgrade downplays risks from an expected reversal of US stimulus program, slowing Chinese economy as well as weak external trade conditions due to yen depreciation.
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