IMF: Global economy will grow faster than expected

The International Monetary Fund (IMF) has said that the global economy will grow faster this year than expected.

The IMF revised up its growth forecast from 4.2% to 4.4%, but warned of a two-speed recovery as advanced economies grow slower than emerging ones.

It said Europe's economic health was weak, and said the size of the bank rescue fund should be increased.

Russell Padmore reports