The Organisation for Economic Co-operation and Development (OECD) has revised its growth forecast for South Korea this year up to 2.6%, increasing it by 0.4% points in its biannual economic outlook report on Thursday. This ranks as the fourth-highest expected growth among OECD countries, alongside the U.S. The OECD initially forecasted 2.2% growth for South Korea in February. This new figure surpasses the International Monetary Fund’s (IMF) April prediction of 2.3% and the initial projections of 2.2% by the finance ministry, as well as the Bank of Korea’s (BOK) prediction of 2.1% for this year’s economic growth in Korea.