West is lagging behind in the recovery stakes

Whilst the UK is staggering out of recession,others are doing a lot better it seems.

The International Monetary Fund reports that countries have emerged faster than expected from the global recession, but also warned that managing post-crisis growth is becoming complicated by the divergence in advanced and developing economies.

Its latest forecast out today shows 3.9 percent growth this year and 4.3 percent in 2011.

However the recovery is proceeding at different speeds around the world, with emerging markets, led by Asia relatively vigorous, but advanced economies remaining sluggish and still dependent on government stimulus measures.

Its Managing Director Dominique Strauss-Kahn has warned that countries risk a return to recession if anti-crisis measures are withdrawn too soon.

That may contrast with the thoughts of George Osborne who earlier today said the government do not have a credible plan to reduce the deficit, and that that was “undermining confidence and creating the conditions in which weak recovery continues”.