IMF say that the recovery is taking place more quickly than expected but it is uneven. With the right co-ordination it could be faster and more even with growth of 2.5% or 30 million jobs globally.
Threats include fiscal debts in some countries, possible asset 'bubbles' in emerging economies and the danger that consolidation in some parts of the world could have effects on others.
World leaders will discuss policy options at the coming world leaders summit in Canada. Ministers have already agreed on a number of reforms following the global crisis - greater transparency, stronger capital and liquidity standards, fair and substantial contribution, supervision of hedge funds and credit rating agencies and a single set of global accounting standards.
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