TODAY’S TOP ARTICLES – 18 AUG 2014

Thailand: Thailand’s Economy Avoids Technical Recession
Thailand’s economy avoided a technical recession in the second quarter, suggesting the country may be back on the path to growth following a military coup in May. Gross domestic product (GDP) expanded by 0.9% in the three months to June, compared with the previous quarter. (Source: BBC News)

China: China Home Prices Fall for Third Straight Month in July
China’s new home prices fell in July for a third straight month with price declines spreading to a record number of cities including Beijing, underlining a worsening property downturn that is increasingly dragging on the broader economy. (Source: Reuters)

United Kingdom: London Home Asking Prices Plunge Most in More Than Six Years
London home sellers cut asking prices by the most in more than six years this month, adding to signs that the property market in the U.K. capital is coming off the boil. (Source: Bloomberg)

Russia: Russian Sanctions Start to Bite as Growth Forecasts are Downgraded
The sanctions imposed to Russia, six months after the confrontation over Ukraine first started, are starting to bite the economy. Foreign banks have tightened credit for all Russian companies, even those not featured on any government’s blacklist. Retail prices are rising on the back of Russia’s retaliatory ban on European foodstuffs. Growth is anemic and business confidence is getting squeezed. (Source: The Guardian)

Singapore: Singapore July Exports Down, Sales to US, China Pick Up
Singapore’s exports in July fell less than expected as shipments to major economies picked up, suggesting the manufacturing sector may have bottomed out on the back of an improving economic outlook in the United States and signs of resilience in China. (Source: CNBC)

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

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