With consumer prices around the half of the Federal Reserve's 2% target, the U.S. central bank is facing a serious test, and some experts even believe that the Fed will have to increase its asset-purchase programme.
Australian borrowers got their first piece of good news this year, as the Reserve Bank of Australia cut its benchmark interest rate to a record low, pushing down the nation's currency that has damaged manufacturing sector and boosted unemployment.
Swiss unemployment rate stood at the highest level in two years in April, adding to fears that the economy remains vulnerable to the strong Franc.
U.K. retails sales recorded the steepest fall in April, trimming an almost year-long streak of improving economic data as the IMF visits London to check health of the U.K. economy.
Consumers in the world's largest economy are less optimistic in May, than a month earlier, even despite some improvement in the economy.
The number of orders at German factories jumped for a second month in March, raising hopes that Europe's largest economy is on the path of recovery.
Australian retail sales unexpectedly declined in March. Sales edged down 0.4% to A$21.9 billion ($22.5 billion) from the previous month, when they increased 1.3%, the Bureau of Statistics said.
Canadian building permits surged more-than-expected in March, jumping 8.6% to C$6.45 billion ($6.40 billion) following a revised 1.5% gain a month earlier.
The U.K. business confidence continues to improve, despite a weak growth of the nation's economy. According to the quarterly Business Confidence Monitor, confidence remains at the highest level since the third quarter of 2010.
The U.S. housing recovery falters, with the number of improved local housing markets across the country declining for a second consecutive month in May, the National Association of Home Builders said on Monday.
Retail sales in the Euro area fell in March in line with economists' expectations, adding to signs that consumer demand is still weak, which is hampering recovery in the currency's bloc economy.
Producer prices in Australia added 0.3% in the first quarter of 2013, showing that both businesses and consumers are more confident about the economic outlook and showing willingness to increase their spending.
Japan is considering to boost financial collaboration with Southeast Asian countries, prop up their bond markets and make it easier for Japanese companies to raise funds in local currencies.
Growth in activity in the Brittan's dominant services sector improved more than expected in April, raising hopes that the U.K. economy could be stabilising.
Job creation accelerated further in April, while the jobless rate dropped to the four-year low, quelling worries of a spring slowdown.
The 17-nation economy is now expected to shrink more than previously estimated this year, as latest data is adding to concerns that the economy is far away from the recovery, the European Commission said Friday.
Measures done by Japanese Prime Minister Shinzo Abe and the new Governor of the Bank of Japan Haruhiko Kuroda have already shifted the economy into a positive cycle with the gradual expansion of corporate production and an improvement in unemployment.
Switzerland's key manufacturing output index surged in April; however, a dip in the backlog of orders and in employment levels clouded the outlook.
Britain's construction output shrank less than initially was expected in April, adding to signs the economy is reviving after previous year's contraction.
The number of Americans filing new claims for unemployment benefits dropped to a five-year low, suggesting the improvement in the labour market, the Labor Department said Thursday.
The European Central Bank during its monthly policy meeting decided to cut the benchmark interest rate to a new record low, as the 17-nation euro region struggles to emerge from recession.
Australian new home sales bounce back in March, recovering from an unexpected drop in the previous month.
Japan's monetary base jumped to a record in April, according to the Bank of Japan on Thursday, as the central bank's unconventional quantitative easing programme increased the amount of money circulating in the economy.
"With forward-looking indicators such as new orders and the demand-to-inventory ratio also ticking higher, the sector should at least be less of a drag on broader GDP growth in the second quarter"-Markit Senior Economist Rob DobsonActivity at Britain's factories picked up last month, boosted by upbeat export orders and improved output levels, the Chartered Institute of Purchasing and Supply said