Watch out for those emerging economies, say the financial advisors. They are the hot tip for many investors and now the head of the International Monetary Fund (IMF) has said that developing nations are recovering much better than the advanced ones.
Mr Strauss-Kahn made his comments while announcing the latest forecasts for the global economy. Overall it is expected that the world economy will grow by 4.1 per cent in 2010.
But Mr Strauss-Kahn warned that developed economies should take care with regards to their fiscal policies - and not remove the strategies too soon, so as to avoid another downward turn.
He said that it would be crucial for governments to tackle their public debts in the coming time - which the UK knows all too well.
Meanwhile, the euro fell to 4-month lows against the pound this morning, reaching to below 88 pence.
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