The Bank of England's Monetary Policy Committee (MPC) should hold off on raising interest rates even though its stated threshold for doing so - a fall in the unemployment rate to 7% - is in sight, according to a report.
The Chinese economy grew by 7.7% in 2013, the latest figures from the country have revealed, its slowest rate for 14 years.
Britain's growth rate could reach as high as 4% this year as the recovery accelerates, economists have said.
J.P. Morgan Asset Management's chief markets strategist - former BBC economics editor Stephanie Flanders - forecasts better times ahead for global markets in 2014.
The UK economy grew by 0.8% in the third quarter, confirming previous estimates, the office for National Statistics (ONS) has announced.