The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4.2% to 4.6%.
It said the world economy grew strongly in the first part of this year, mainly thanks to robust growth in Asia.
However, the UK was almost unique in having its growth forecast revised down slightly, to 1.2%.
The IMF also warned risks had increased and there had been a setback in progress towards financial stability.
Developed economies have maintained a modest, but steady recovery in the year to date, the supranational agency said.
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