Looking at last week's inflation report, it seems the Bank of England is reasonably content with the current state of play.

Nick Mustoe, chief investment officer at Invesco Perpetual, says attention has now shifted from global tensions to optimism about the US economic recovery.

Tim Schuler, an investment strategist at Legg Mason affiliate Permal, asks what impact the dramatic events of the first quarter will have on global economic growth.

Cutting deficits is popular in the heavily indebted Western world. Some countries are being forced to, as lenders decline to lend them more money at realistic interest rates.

ON UK GROWTH

ON NORTH AMERICA

ON EMERGING MARKETS

ON ASSET ALLOCATION

ON BONDS

Market and economy seen as more distinct following the recent disaster