Global economy ends first half on a high: PMI

LONDON (Reuters) - The global economy ended the first half on a high as business activity picked up in June, with new orders pouring in at their fastest rate in over three years, a survey showed on Thursday.

IMF leader calls for bold policies to aid recovery

WASHINGTON (AP) — The head of the International Monetary Fund warned Wednesday that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery.

Europe is 'main drag' on global recovery

NEW YORK (CNNMoney) -- The world's two largest economies have been showing signs of improvement, but experts say the recession in Europe remains the biggest challenge to sustained global growth.