Bolivia: Turnabout in Bolivia as Economy Rises From Instability
This New York Times article profiles the Bolivian economy, which grew a solid 6.5% in 2013. Bolivian president Evo Morales is described as having introduced prudent policies which are driving the country forward, unlike other countries in the region like Venezuela and Argentina which have espoused a hard line leftist approach and are facing considerable hardship today.
Japan: GDP growth sags below forecasts
According to the Japan Times, weaker than expected growth fueled speculation that the Bank of Japan will expand its stimulus program in coming months and also added pressure on Prime Minister Shinzo Abe to flesh out his heavily touted plans to make Japan more competitive.
China: China Record Credit Growth Boosts Outlook for Economy
Bloomberg reports that credit growth in China soared in January, suggesting that China can limit the scale of any slowdown from last year’s 7.7% GDP expansion.
India: India finance minister unveils indirect tax cuts in pre-election budget
According to Reuters, the Indian government announced a package of indirect tax cuts to foster spending and investment. Moreover, the government claimed that has achieved record growth and reform over the past decade in an interim budget before an election it looks set to lose.
Ukraine: Yatseniuk rejects Prime Minister position, opposition is forming its own government
According to Interfax Ukraine, Batkivschyna opposition faction leader Arseniy Yatseniuk has confirmed his rejection of the post of prime minister. He said the opposition was forming its own government. The opposition will not negotiate a constitutional reform at the office of Verkhovna Rada Speaker Volodymyr Rybak; it demands that the reform be put to a vote on Tuesday, Yatseniuk said.