The International Monetary Fund has cut back its forecast for global economic growth for 2014 and 2015.
It called the recovery “weak and uneven”.
It believes average growth this year will be 3.3%, followed by 3.8% next year.
The revision results from the continued slump in the eurozone, sanctions against Russia, and deep unrest in the Middle East.
Downgraded were Germany, France and Italy. "Growth in the euro area nearly stalled this year, even in the core," said the fund’s chief economist.
Hopes were pinned on the British economy for continued healthy growth.
It said activity had "become more balanced", driven by both consumption and business investment.
Growth predictions for the US and Japan were downgraded, along with several emerging economies
