TODAY’S TOP ARTICLES – 13 AUG 2014

Japan: Japan’s Economy Shrinks After Sales Tax Rise
Japan’s economy contracted by an annualized 6.8% in the second quarter of the year, the biggest fall since 2011 when it was devastated by an earthquake and tsunami. (Source: BBC)

Germany: German Investor Confidence Nosedives as Russia-West Tensions Hit Economy
Confidence among German investors nosedived in August amid tensions between Russia and the west which are expected to bring Europe’s largest economy to a standstill. (Source: The Guardian)

Panama: Panama Canal is 100 Years Old
The Panama Canal, one of the 20th century’s greatest engineering triumphs, will celebrates 100 years on 15 August. However, the Canal is facing challenges going forward: delays in the expansion and competition from rival projects. (Source Business Report)

China: Weak Lending and Real Sector Data Points Out Challenges
The growth of Chinese bank loans and total credit hit an over four-year low in July. Industrial production and investment also showed weakness in July and together with the real lending data they underline the challenges that China faces. (Source: Wall Street Journal)

United Kingdom: UK Unemployment Drops to 2.08 Million
UK unemployment fell by 132,000 to 2.08 million in the three months to June, official figures show. The Office for National Statistics said the unemployment rate also fell to 6.4% in the quarter, down from 6.5% in May. (Source: BBC News)

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

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