Japan's economy shrank in the final quarter of 2015 despite of more than three years of Abenomics programme aimed at rejuvenating the world's third biggest economy.
US retail sales climbed slightly in January, rising for the third consecutive month, evidence that Americans kept shopping despite steep declines in equity prices.
A December decline in Euro zone industrial production dragged economic growth in the currency bloc down, adding to arguments for further monetary easing.
While addressing Congress, Fed Chair Janet Yellen said that the central bank is unlikely to reverse its plan to hike interest rates further this year.
Testifying before the House of Representatives Economics Committee, RBA Governor Glenn Stevens said that the Australian economy continued to grow at a sub-trend pace, but a weaker Aussie Dollar and easy monetary policy is supporting growth.
During the second-day testimony to Congress Fed Chairwoman Janet Yellen stressed that the US central bank was not on a "pre-set" path to normalize the monetary policy amid deteriorating meltdown in global equity markets.
Britain's industrial production dropped more than expected in the fourth quarter as the manufacturing sector continued to drag down the UK's economy.
While addressing Congress, Fed Chair Janet Yellen said that the central bank is unlikely to reverse its plan to hike interest rates further this year.
Industrial production data from France and Italy disappointed. French industrial output dropped 1.6% in December, following a negative reading in November.
Australia's business confidence held up in light of the ongoing turmoil on financial markets around the world.
The UK retail spending growth hit the highest level in four month in January, as consumers bought more big-ticket items like furniture.
The number of job openings in the US surged more than expected in December, adding to signs that the labour market continues to improve.
German industrial production unexpectedly dropped for a second consecutive month in December, while exports and imports also declined, indicating that the Euro zone's number one economy ended last year on a weak footing.
Canada's building permits jumped more than expected in December, boosted by increased construction intentions for multi-family homes.
Japan logged an 18th current account surplus in a row amid a plunge in crude oil imports and a travel surplus due to the Japanese Yen's depreciation.
The US labour market started the year on a weaker footing, the Fed's comprehensive measure showed.
The Euro zone investor sentiment index declined for a second month in a row to the lowest level since early 2015, as prospects for the US economy deteriorated and the German economy cooled.
The ECB President Mario Draghi voiced another strong hint that the bank is ready to act decisively to combat weak inflation.
The US economy created fewer jobs in January than expected, but rising wages and the unemployment rate at an eight-year low signalled the labour market recovery remains strong.
Canada's unemployment rate rose to the highest level since December 2013, as the economy lost jobs in the agriculture and manufacturing sectors.
German factory orders declined more than expected in December amid a weak demand at home and in other Euro zone countries.
The Reserve Bank of Australia voiced a cautious optimism on the domestic economy in its quarterly update on monetary policy in light of global financial turmoil.
The Bank of England revised its economic growth forecasts due to a gloomier global outlook. Moreover, the lone policy maker who had voted for a rate hike in recent months unexpectedly changed his mind.
The number of Americans applying for unemployment benefits increased more than expected last week, signalling some loss of momentum in the labour market due to a steep economic slowdown and stock market rout.