The Conference Board of Canada is predicting that the worldwide economy will strengthen further this year — albeit at a very cautious pace with a number of risks. The board says that the global economy is expected to grow by 3.2 per cent in 2011, with the expected boost coming from developing countries, particularly China.

That's despite a long list of factors that could stunt growth, including issues with the U.S. debt ceiling, higher energy prices, and an economic slowdown in Japan following the earthquake and tsunami. Each of those have diminished the global outlook this year, it says.