The US economy has posted disappointing growth figures in the first quarter of the year, slowing sharply to just 0.1% after adverse weather conditions impacted the world's largest economy.
The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.
Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.
On the one hand, economies are recovering, unemployment is falling, housing prices are on the up, and market interest rates have moved materially off their lows.
Stephen Jones, chief investment officer of Kames Capital, has said the UK's improving GDP figures mean it is now rivalling some emerging markets in the growth stakes.
China's growth rate slowed to its lowest level in 18 months in the first quarter of 2014 amid fears the economy is experiencing a slowdown in momentum.