UK economy

The coalition government led by David Cameron has been criticised for sticking to a strategy of austerity even though the country was expected to suffer a triple dip recession in early 2013. It was also stripped of its prized AAA credit rating in February 2013.

<p>Federal Reserve remaining cautious about raising US interest rates</p>

US jobs data strong as unemployment stays low

US employment increased solidly in March and wages rebounded, underscoring the economy’s resilience, but the Federal Reserve is expected to remain cautious in raising interest rates this year due to slowing global growth.