Despite belt-tightening in Washington, slowdown in heavy industry and businesses unwillingness to increase spending, consumers are the only one who are keeping the U.S. economy on track.
Amid growing tensions between the European Union and the world's second largest economy German Chancellor Angela Merkel claimed her readiness to reach an agreement with China over import tariffs in order to avoid triggering a damaging trade war.
New Zealand posted smaller than expected trade surplus last month, hit by a rise in petroleum imports which more than offset increasing meat exports from the country.
The Bank of Japan Governor Haruhiko Kuroda sees no signs of "excessively bullish expectations" in asset markets and believes that the nation is able to withstand increasing interest rates.
The number of mortgage approval in the U.K. reached the highest level in three months in April, though cautious consumers continued to reluctantly increase spending, and put all the money into their savings rather than take on new borrowing.
Orders for long-lasting products in the world's largest economy surged more than initially was expected, a sign of resilience in the factory sector even despite budget cuts, tax hikes and weakness in overseas markets.
The German economy returned to growth in the first three months of this year; however, the growth was hampered by declines in construction activity and investment due to weak domestic demand, official figures showed Friday.
Britain's economy returned to growth in first three month of this year, supported by increased consumer spending and improved investors' confidence, offsetting a drop in exports, official figures have confirmed.
A bunch of economic data from the U.S was published on Thursday, sending mixed signals about the economic growth, as house prices posted the biggest gain since May 2006, unemployment claims fell more than expected, while manufacturing slowed for a second straight month in May.
The downturn across the 17-nation economy eased slightly this month, however a dearth of new orders is raising concerns that the economy is likely to contract again.
Australian economy noticed higher consumer inflation expectations this month, adding more pressure on the nation's policy makers and the Reserve Bank of Australia to introduce more bold measures to control the inflation.
The world's third largest economy is picking up as the demand in the neighbouring countries improves, but still remains weak within the country, the Bank of Japan said during its monthly policy meeting.
The Swiss National Bank is expected to introduce a shift of the cap on the Franc and even plan to implement negative interest rate, as the Swiss Franc is heading to break through 1.26 per euro for the first time in more than two years, President Thomas Jordan said Wednesday.
The Bank of Japan led by Haruhiko Kuroda pledged to introduce shifts in its record quantitative programme as the increase in the nation's bonds is highlighting risks linked to policy makers' campaign to boost growth in the world's third-largest economy.
Sales at British retailers unexpectedly fell last month, led by a sharp drop in food sales, indicating continued weakness in consumer spending despite the overall economic improvement.
As the world's largest economy remains hampered by high unemployment, tax hikes and recent budget cuts, tightening policy too soon may pose certain risks to the economy, the Federal Reserve Board Chairman Ben Bernanke warned Wednesday.
The 17-nation economy's current account surplus surged to the all-time high in March, due in part to the increase in exports, the European Central Bank data showed Wednesday.
Price pressure in New Zealand is expected to slowdown in the upcoming months, while growth expectations are perking up, according to a new survey released on Tuesday by the central bank in Wellington.
On Tuesday, a report showed that a gauge, which measures a change in the total value of goods and services purchased by Japanese businesses, fell in March, despite the economy is reviving from the last year's recession.
Britain's inflation rate slowed more than economists forecast last month, reaching a seven-month low, while producer prices rose the least since 2009 due to a drop in fuel prices.
Despite the fact the U.S. economy has improved significantly since the Federal Reserve introduced its record stimulus, there are no signs the Fed should turn off its monetary stimulus anytime soon, the Federal Reserve Bank of Chicago President Charles Evans said.
Producer prices in Europe's largest economy slowed for the third consecutive month in April, suggesting weak domestic demand and raising concerns that the economy is far away from the recovery.
Australian leading index, which is based on 7 economic indicators, and is designed to predict the direction of the economy, fell in March, suggesting the economy is struggling to grow and additional measures by the central bank may be needed.
The Japanese government upgraded its growth forecast on Monday for the first time in two months, a sign that growth is accelerating as exports and factory output are picking up.