Mexico: Bank of Mexico Cuts 2014 Economic Growth Outlook
The Bank of Mexico revised down its 2014 GDP growth forecast from the previously announced 3-4% to 2.3-3.3%. For 2015, the Bank expects growth of 3.2-4.2%. The Mexican economy’s performance during recent months and changes in the expectations for growth in the U.S. drove this decision. (Source: Fox News Latino)

Thailand: Coup Needed for Thailand ‘to Love and Be at Peace Again’ – Army Chief
On 23 May, Thai General Prayuth Chan-ocha, declared that the army seized control over the government and suspended the constitution. The army also banned public gatherings and also banned 155 people including politicians and activists from leaving the country in order to maintain peace in the country. (Source: TheGuardian)

Russia – China: Russia-China Gas Deal Creates Benchmark for Global Market
According to Henning Gloystein, Reuters contributor, the price deal signed this week between Russia and China will create a new price benchmark for global markets and will put cost pressure on other producers because consumers have a growing number of supply sources to choose from.

United Kingdom: UK’s Anti-EU Party Big Winner in Local Elections
Early results from Thursday’s local elections show the anti-EU party UKIP making strong gains by taking seats from Prime Minister David Cameron’s Conservatives and the opposition Labour party. (Source: CNBC)

Spain & Greece: Spain With Greece Win Higher Debt Ratings on Growth Outlook
Credit rating agency S&P upgraded Spain’s rating and Fitch increased Greece’s grade as the economic outlook improves in these two countries at the heart of the European debt crisis. (Source: Bloomberg)

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