The world's third largest economy is on the track of sustain recovery, however it faces high risks from overseas economy, and structural reforms are vital to proceed with the revival.
Another sign of a growing housing bubble in Britain came out on Monday, when Home Builders Federation said in its statement that the number of homebuilding approvals surged 49% in the second quarter on back of strong government assistance.
While American authorities are still debating whether the economy is strong enough to grow at a stable pace without any stimulus measures, a report from Markit Economics highlighted an unexpected weakness in the nation's manufacturing sector.
It was not a surprise that Angela Merkel's conservative union CDU/CSU won the nation's parliamentary elections, gaining the highest percentage since reunification of Germany in 1990, slightly missing an absolute majority.
On Friday Statistics Canada published inflation data, saying consumer prices are approaching the bottom of the Bank of Canada target bank, due to lower costs for mortgage interest and prescription drugs.
During the Kisaragi-kai meeting Bank of Japan Governor backed widely-discussed aggressive easy policy saying the world's third largest economy is moving towards the path of reaching the 2% price stability target.
British public sector net borrowing increased more than expected last month, suggesting the government and public corporations spent significantly more than they earned.
On Wednesday markets were stunned with Bernanke's decision to refrain from tapering of its $85 billion large-scale asset purchase programme.
Following the last week's report that showed Europe's third largest economy contracted for the eighth consecutive quarter, suggesting Italy will be the only member of the G7 world-leading economy that is expected to contract this year, Italian government decided to downgrade its growth forecast.
As it was widely predicted the last week was dominated by FOMC meeting that added turbulence into markets, however, Bernanke's decision came as a surprise for the majority of analysts.
Kiwi economy expanded at a modest pace in the second quarter as consequences of the worst drought in 30 years were offset by an improvement in construction activity.
As it was widely expected Swiss policy makers stayed pat on its monetary policy, and once again assured the cap on domestic currency is still essential.
A day after the Bank of England upgraded its growth forecast on the back of upbeat fundamentals, a separate report showed unexpected weakness in Britain's retail sector.
Following Bernanke's statement the economy is not strong enough to withstand a possible withdrawal of stimulus, a report showed unemployment claims rose from a week earlier, however, less than initially was expected as two states appeared to be working through a backlog of unprocessed claims.
Earlier this month the European Parliament has voted in favour of centralized oversight for Europe's banking sector.
Under a new government the Australian economy should begin to flourish due to structural reforms, pledged by the newly-appointed Tony Abbott, the Conference Board Leading Economic Index suggests.
As it was widely expected the Alpine country is building up steam, and after a stronger-than-expected GDP figures in the second quarter, the economy is likely to accelerate even further, supported by improvement in consumers' and investors' mood.
British policymakers moved further away from adding any additional stimulus to the economy in September, minutes of the last policy meeting showed Wednesday.
Nothing. This is what Ben S. Bernanke decided to do, solidifying the standing as the most activist Fed Chairman in history.
After almost a year of strict government regulations and becoming the first EU country to seize bank deposits and impose capital controls in order to avert a financial collapse, Cyprus President Nicos Anastasiades pledged to lift all restrictions on capital movement in January.
During September's policy meeting the Reserve Bank of Australia assured once again its pledge to retain the option of cutting interest rates, however saying there is no imminent intention to reduce them any time soon, taking into account that the Chinese economy is back on the track of sustain growth and the U.S. is expected to start QE tapering later
Sales of Canada factory's products soared more than expected in July, ending a streak of fourth monthly drops in six months benefiting from makers of commodities from oil to lumber, government figures showed Tuesday.
Consumer prices in Britain slowed down slightly last month, as clothing prices and transport costs rose less than a year earlier, the Office for National Statistics said Tuesday.
The cost of living in the world's largest economy advanced less than analysts expected in August, reinforcing a view it will take more time to achieve the Fed's goal.