The International Monetary Fund (IMF) has downgraded its global output forecast but says Britain will have "decent growth" this year and in 2015.
It said global GDP for this year would drop from 3.4% to 3.3% and from 4% to 3.8% next year.
The IMF also cut its semi-annual forecasts for the eurozone area by 0.3% and 0.2% for the two years, giving growth of 0.8% and 1.3% respectively.
But it has kept its UK forecast steady at 3.2% for this year and 2.7% next year.
"The United States and the United Kingdom in particular are leaving the crisis behind and achieving decent growth," IMF chief economist Olivier Blanchard said.
The IMF upgraded its outlook for the United States, highlighting its crucial role again as the growth leader among advanced economies.
But it warned the US could be hit hard if stagnation occurs elsewhere, dampening demand for its goods and services.
This comes amid the sag by both the eurozone and Japan.
It downgraded Japan by 0.7% to 0.9% in 2014 and by 0.2% to 0.8% growth next year.
China would continue to grow at 7.4%, although it faced potential "near-term growth risks".
The world's most populous nation is a key driver of the global economy and in recent decades successive years of double-digit growth, the boom propelling it up world financial tables.
But now the government and analysts say China's economy needs to be rebalanced away from an emphasis on exports and over-reliance on huge and often wasteful state-backed investment projects, towards internal demand.
The bleaker outlook for Europe comes on the back of official data in August which showed that the eurozone economy had unexpectedly ground to halt in the second quarter.
New data on Tuesday also showed that industrial production in Germany, the driving force of the eurozone economy, had suddenly slowed down in August.
A main culprit for poor eurozone recovery is anaemic investment, the IMF said, brought to a standstill by indebted households and businesses still too nervous to risk capital.
The IMF added that Iraq's economy would contract this year due to the threat posed by IS militants.
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