A new report commissioned by the IMF has refuted claims made by economists Carmen Reinhart and Kenneth Rogoff that high government debt levels stifle economic growth.
The International Monetary Fund is planning to raise its global growth forecasts, amid increased optimism about the world's economic future.
The International Monetary Fund downgraded its global growth outlook for 2013 on Tuesday, and warned of three "new risks" that threaten to derail the global economic recovery.
The International Monetary Fund (IMF) could be forced into an embarrassing U-turn this week and upgrade growth forecasts for the U.K, analysts said on Monday.
Global central banks have been the only way to promote growth and more needs to be done, but additional U.S. deficit reduction needs to be restrained, the IMF's Christine Lagarde told CNBC's "Closing Bell" on Wednesday.
The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.
Greece cannot receive its much-delayed and critically-needed bailout tranche of €31.5bn (£25bn) unless its national debt level is deemed to be on a path of eventual sustainability, but Athens will not be allowed to default on €5bn of debt that needs to be redeemed next week, a senior eurozone official said on Friday.
George Osborne's drastic deficit-cutting programme will have sucked £76bn more out of the economy than he expected by 2015, according to estimates from the International Monetary Fund of the price of austerity.
The head of the International Monetary Fund has called on governments to co-operate to heal a fractured global economy or risk a further slowdown in economic growth.