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Recent indicators show Portugal's economy struggling more than expected.
China's economy grew by 7.4% in 2014, its weakest for almost a quarter of a century, and recent indicators show signs the slowdown is continuing.
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"But there's many factors keeping optimism afloat," he said, "coming from recent indicators showing a pickup in the economy".
With more recent indicators showing a shrinking housing market, dwindling orders for factory goods and rampant discounting among retailers, some economists saw far more clouds than sun.
He was apparently referring to comments last week by the head of the Economic Planning Agency, Taichi Sakaiya, who said recent indicators showed that the economy would not deteriorate further.
The expansion of the region's economy had been foreshadowed by recent indicators showing that factories have been increasing output and consumers and businesses were gaining confidence.
An array of recent indicators shows that there is no way to turn a nascent recovery into a self-sustaining expansion without plentiful good jobs.
The monthly increase, the 11th in a row, translates into more than 17 million jobless people, and it is in line with other recent indicators showing that the euro zone economy remains distressed.
Analysts said recent indicators showed further signs the slowdown is continuing.
Maher said recent indicators showed a potential bottoming of the U.K. housing market, while on Monday Britain's manufacturing sector eased up after a key purchasing-managers index rose for the third month in a row.
Although Germany has remained the economic engine for Europe throughout the crisis, recent indicators have shown that even its economy is beginning to sputter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com