The 2010 World Economic Outlook released today said that the world growth is expected to be 4.5 per cent. The report released by IMF in Washington said, the global recovery is proceeding better than expected, but at a varying speed,<br/><br/>tepidly in many economies and solidly in most others. Among the advanced economies, the report said the United<br/><br/>States is off to a better start than Europe and Japan. Among emerging and developing economies, Asia is leading the recovery, while many emerging European and some<br/><br/>Commonwealth of Independent States economies are lagging behind. As the recovery has gained traction, risks to global financial stability have eased, but stability is not yet<br/><br/>assured. Noting that better growth prospects in many emerging economies and low interest rates in major economies have triggered a welcome resurgence of capital flows to some emerging economies, the report said these come with the attendant risk of inflation pressure and asset bubbles.