The International Monetary Fund raised global growth for 2010 from 3.9% anticipated in January to 4.2% spurred by emerging economies, especially China and India. The IMF said while some economies showed better-than-expected progress others are still suffering to get rid from the negative repercussions of the global recession. It also added that the challenge in the coming period will be in tackling the huge budget deficit especially in advanced economies that spent trillions to boost their economies.