The International Monetary Fund (IMF) has warned long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to GDP would rise to 90.6% in 2015.
India's economy grew at its fastest rate for more than two years in Q2, official data reveals.
The UK economy grew by more than expected in Q2 of 2010, boosted by a strong performance from the construction sector.
Worse-than-expected economic data from the US last week reignited fears of a double-dip recession, but managers are cautiously optimistic the economy will remain supportive of global growth.
France has reduced its economic growth forecast for 2011 by 0.5% to 2% following a meeting between President Sarkozy and top finance ministers.