16:48
Tieng Anh Vui
Business lobby group the CBI has lifted its forecast for economic growth for 2013 from 1% to 1.2%.
It also increased its forecast growth for 2014, from 2% to 2.3%, on predicted increases in disposable income and in business and housing investment.
But it said the desired rebalancing of the economy, from consumer spending to investment and trade, was taking longer than first thought.
It also said that despite signs of a UK recovery, it was "still early days".
The group, which represents 240,000 UK businesses, says a growth in exports will be cancelled out by more imports as the economy recovers.
But is says the forward guidance on interest rates recently given by new Bank of England governor Mark Carney should add to positive sentiment.
"The economy has started to gain momentum and confidence is picking up, but it's still early days," said CBI director-general John Cridland.
"We need to see a full-blown rebalancing of our economy, with stronger business investment and trade, before we can call a sustainable recovery.
"We hope that will begin to emerge next year, as the eurozone starts growing again."
Last week it was revealed the eurozone had emerged from recession after a record 18 months of economic contraction.
The bloc's GDP grew by 0.3% in the second quarter of 2013.
Also on exports, Mr Cridland called on the government to "get behind talented UK businesses" to help them crack new overseas markets.
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