TODAY’S TOP ARTICLES – 23 APR 2014

Portugal: Portugal to Sell 10-year Bonds in First Auction Since Bailout
CNBC reports that Portugal will auction more than USD 1 billion in 10 year bonds on Wednesday as the country prepares the exit its bailout program in May. This will be Portugal’s first bond auction since April 2011.

India & Indonesia: India and Indonesia Pursue Different Economic Paths
This Bloomberg article compares the background, rise to prominence, and economic platform of Narendra Modi and Joko Widodo, presidential candidates for upcoming elections in India and Indonesia.

Thailand: Thailand Central Bank Refrains From Rate Cut as Unrest Persists
Bloomberg reports that the Thai Central Bank kept the interest rate on hold at 2.0% at its meeting on 23 April. According to the Bank, a rate cut won’t help the economy since the domestic demand is weighted down by the ongoing political unrest.

Eurozone: Euro zone Consumer Confidence Improves More Than Expected in April
As reported by Reuters, in the Eurozone consumer confidence rose 0.6 points to 8.7 over the previous month in April, which exceeded the expectations of market analysts. Consumer confidence among the European Union rose by 0.8 points to -5.8.

Germany: German Economy Strengthens as Industry Survey Beats Estimate
According to Bloomberg, German manufacturing and services strengthened more than economists forecast this month, adding to signs that the euro area’s largest economy is underpinning the region’s recovery.

For the latest economic indicators from around the world, please visit us at Focus-Economics.com.

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