TODAY’S TOP ARTICLES – 12 AUG 2014

Singapore: Singapore Economy Outpaces Growth Expectations
Singapore’s economy unexpectedly grew in the second quarter from the quarter before, helped by a strong showing in its financial and insurance sectors. (Source: CNBC)

Global: Federal Reserve’s Vice-Chair Warns of Long-Term Damage from Recession
“Disappointing” economic recoveries may point to a permanent downshift in the potential of powerhouses such as the US, Europe and China, the vice-chairman of the US Federal Reserve has warned. (Source: The Guardian)

Mexico: Peña Nieto Enacts Energy Reform, Now it’s Time for its Implementation
President Enrique Peña Nieto enacted the historic energy reform and announced a decalog of actions to accelerate its implementation. (Source: Infolatam) (Language: Spanish)

India: Modi Says India Blocked Trade Deal to Serve the Poor
Prime Minister Narendra Modi said over the weekend that his government blocked ratification of a WTO pact because India’s demands for more leeway to stockpile food are essential for safeguarding the country’s farmers. (Source: WSJ)

Turkey: Will Erdoğan’s Victory Mark the Rise of Illiberal Democracy?
This article by the Huffington Post analyzes Turkey’s controversial Prime Minister Recep Tayyip Erdogan who has become the country’s first popularly elected president. (Source: Huffington Post)

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

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