Slowing emerging economies, US budget fears drag on global growth.

Expanded by 0.8% in the three months ended Sept. 30 from the previous three-month period.

Possible need for further aid has proven a politically toxic issue in creditor countries like Germany.

News relieves policymakers who feared for euro's survival.

The German economy, Europe's biggest, gained steam following a weak start into the year.

Managing Director Christine Lagarde also urged more austerity from the embattled government in Athens.

Japan's stock market dived Monday after the yen reversed some of its recent fall against the U.S. dollar.

Sweeping overhaul of banking sector backed by the major parties despite concern it will increase hardship for homeowners.

The decission is intended to boost economic growth as a mining boom cools and the strong Australian dollar erodes business profits.

Unemployment will remain at record levels. | Document: European Economic Forecast - Spring 2013