Sydney, Nov. 13  : The World Bank chief has said growth in the global economy is proceeding in a positive way.

Jim Yong Kim however added that there was still a lot of work to be done to make sure the growth lasts.

According to news. com. au, Kim said it was important for the United States to solve its budget-debt brawl in early 2014.

He added that any kind of uncertainty in the US would impact the global economy, particularly those of developing countries.

He said some European countries' economies were bouncing back compared to nine months ago when there was doubt about whether the euro would survive and Greece might stop using that currency, the report said.

He said there was concern at the slowdown in developing countries' economies early in the year, but that seems to be abating with China as it was doing better, it added.(ANI)