A bunch of positive news came out from the Euro zone on Wednesday, as retail sales in the currency bloc rose for the third month in a row in December, while Markit's composite PMI, a measure of activity in the manufacturing and services sectors, climbed to 52.6 in January from 51.4 in the preceding month.
Graeme Wheeler, the Governor of the Reserve Bank of New Zealand, reiterated his stance on interest rates, saying that the official cash rate will be held unchanged for some time in light of the recent easing actions by other major central banks amid world's disinflation pressures.
Swiss exports, which accounts for around 70% of the nation's economic output, rose to a record high in five years last year amid stronger demand for pharmaceuticals and chemicals.
In January, the UK construction PMI rose, following a dramatic decline to the lowest level in 17 months in the previous month.
Orders for US-manufactured goods declined for a fifth consecutive month in December, marking the longest streak since the Great Recession ended.
In Spain the number of unemployed people increased for the first time in three months to approximately 78,000 in January 2015. The number of jobless people beat expectations for an 83,400 increase.
The Reserve Bank of Australia has joined easing trend spreading around the world's leading central banks.
Business activity in the British factories rose more than expected in January amid a recovery in export orders and lower production costs as raw material prices dropped at the quickest rate since May 2009.
Activity growth in the US manufacturing sector rose less than expected in January, being undermined by a strong US Dollar and weaker investment from the energy sector.
Manufacturing activity in the Euro zone rose moderately in January, but remained close to stagnation amid mixed factory data from the bloc's leading economies, including Germany and France.
The official gauge of China's manufacturing activity dropped into the contraction territory for the first time since September 2012, according to the China Federation of Logistics and Purchasing.
The Canadian economy unexpectedly shrank in November amid weaker manufacturing, mining, oil and gas extraction, recording the first contraction in almost a year.
British consumer confidence rose more than expected in January to reach the highest level in five months, providing a support to Prime Minister David Cameron ahead of the general election in May.
The world's number once economy slowed its growth pace in the final quarter of the year, even despite the solid hiring and falling gasoline prices.
The Euro zone economy has been mired in deflation for a second straight month in January, as consumer prices fell 0.6% on an annual basis, following the 0.2% drop in December.
While the UK economy recorded the fastest annual growth rate since the financial crisis of 2007, the economic recovery lost some steam in the final quarter of 2014.
New Zealand house-building approvals numbers skyrocketed 16% last year as 24,680 consents for new dwellings were granted.
Retail sales in Japan unexpectedly dropped in December, sapping hopes that the world's third biggest economy has weathered the worst of the post-tax hike recession.
According to the Nationwide, annual house price growth in the UK slumped between December and January.
The number of Americans seeking unemployment benefits plunged to the lowest level in 15 years in the week ended January 23, a day after the Fed painted an optimistic outlook for the world's number one economy.
Deflation contagion spreads gradually around Europe, as consumer prices growth in Germany turned negative in January for the first time in more than five years.
The Reserve Bank of New Zealand kept the official cash rate unchanged and held a more neutral setting on interest, saying that it is ready to cut rates as falling oil prices damp inflation worldwide.
Australia's inflation climbed at a slower pace than expected in the final quarter of the year, dragging the annual headline rate below 2%.
Andrew Haldane, chief economist at the Bank of England, pointed that the benchmark interest rate will rise gradually over the course of the next couple of years in order to ensure a sustainable economic growth.