Christine Lagarde, the head of the international Monetary Fund, has said that the global economic growth is expected to rise in the coming year.

She noted that the growth in the global economy was strengthening but also warned that the growth still faces risk from deflation.  The IMF managing director did not announce the forecasts from the global institution ahead of the Fund's official forecasts that are expecte3d next week.  She pointed out that the global economic growth remains below 4 per cent per year indicating that it faces risks form deflation.

"Momentum strengthened in the latter half of 2013, and should strengthen further in 2014 - largely due to improvements in the advanced economies," Ms Lagarde said.  She was speaking at the National Press Club in Washington yesterday.

She said that the inflation has remained below targets by central banks in several countries and this indicates that there are risks of deflation in the global economy that could affect recovery.  She said that the growth is still very slow and uneven.  She said that steps must be taken to help revive growth of the entire global economy.