The International Monetary Fund has projected a strong growth rate in the World Economy this year for a majority of the developing and developed nations in the world. This growth rate is moving at a rate faster than expected. However, it is likely that growth can be hindered by some big financial risks.
According to IMF officials, the chances of the economy down sliding is quite likely,but all the development is reliable on how nations around the world handle their economy.
The IMF also said that most of the growth in the economies would be seen in Asian countries and especially the emerging financial markets in and around Asia.
The global growth rate has been predicted to be approx. 4.2%, which had been foreseen in the month of April.