TODAY’S TOP ARTICLES – 18 JUL 2014

Indonesia: Jokowi Inches Ahead in KPU Tally
The official tally from the General Elections Commission (KPU) so far indicates that Joko Widodo is holding on to a small lead in the vote count that will determine Indonesia’s next president. (Source: Jakarta Post)

China: China Home Prices Fall in Record Cities Signals More Easing
China’s new home prices fell in 55 of the 70 cities surveyed in June from May. This represents the worst result since January 2011 and poses additional risks to China’s economic outlook. (Source: Bloomberg)

Japan: Abe Seen Needing 2% Growth this Quarter to Hike Sales Tax Again
Prime Minister Shinzo Abe will decide in December if the government will implement the second sales tax hike to 10%. While Abe will examine data from the third quarter before making any decision, economists reckon that a 2% growth in Q3 would be enough to trigger the tax rise. (Source: The Japan Times)

Ukraine: Missile Destroys Malaysia Airlines Plane over Ukraine, Killing 298 People
An airplane from Malaysia Airlines was shot down in the east of Ukraine. The president of Ukraine has accused pro-Russia rebels in the east of the shooting. (Source: The Guardian)

United States: U.S. Economy Strengthens
Recent indicators suggest that the U.S. economy is gaining traction: new claims for unemployment benefits fell last week and manufacturing activity accelerated to a several-year high this month. On a negative note, the housing market weakened in June. (Source: Reuters)

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

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