IMF: Eurozone risks and oil prices could threaten global recovery

The International Monetary Fund (IMF) has said that risks in the euro zone and rising oil prices pose the biggest threats to global economic recovery.

In its latest World Economic Outlook, the IMF stated that prospects for the global economy are slowly improving, however.

The IMF stated that emerging markets and developing countries are projected to grow at between 5.75%-6% through 2013.

Low-income countries like those in sub-Saharan Africa have been particularly resilient to the worldwide economic crisis.

"The outlook is rather good," said IMF economic counsellor Olivier Blanchard.

"We predict, you know, less growth than in the past few years, but still strong growth.

"They face a tough international environment, that's really where the problems come from, for the most part."