Debt markets think the euro zone debt crisis is over and are "underpricing" the risks, Axel Weber, former head of the Bundesbank, has warned.
France was a ship at risk of sinking, the country's new finance minister told CNBC, adding that the country is now afloat but needs to speed up its engine to drive growth.
U.K. house sales hit a six-year high in March, a survey revealed on Thursday, but a supply shortage continues to send prices soaring.
Treasury Secretary Jack Lew told CNBC on Wednesday that the U.S. is leading the global economic recovery, despite having "a lot of work to do" by our own country's standards.
The U.K.'s economic recovery is still on a strong footing with businesses poised to spend and hire, a survey by the British Chamber of Commerce showed but rate hike uncertainty looms.
About 20 percent of China's economy is shrinking and 80 percent is growing moderately, according to independent economist Andy Xie.
The U.S. economy created nearly 200,000 new private-sector jobs last month, a closely watched economic indicator reported on Wednesday, feeding hopes about the economic recovery and a thaw in labor markets.
Investors pricing in a rate hike in mid-2015 could get caught off guard, former Federal Reserve Governor Robert Heller told CNBC on Wednesday.
As investors continue to fret over slowing growth in China, Capital Economics say it will in fact be positive for the rest of the world.
George Osborne faces a black hole of more than £20 billion in the public finances, according to official government economic models, the Financial Times reports.