By Daniel Hunter

The head of the International Monetary Fund (IMF) has warned governments that they need to work together to avoid a decade of slow global growth.

Christine Lagarde said countries will need to work to together in order to cut debt and tackle high unemployment.

She also warned that developed and emerging economies are still suffering the after-effects of the global financial crisis in 2008.

Ahead of the IMF's spring conference next week, Ms Lagarde said: "With overall growth moderate, the global economy continues to face a number of significant challenges. For example, what I have called the ‘low-low, high-high’ scenario: the risk of low growth-low inflation and high debt-high unemployment persists for a number of advanced economies.”

The IMF boss praised the economic recovery seen in the UK and US, but raised concerns over Brazil and Russia - two major trading nations in huge economic trouble.