TODAY’S TOP ARTICLES – 19 AUG 2014

Philippines: Economic Growth is Expected to Have Picked Up in Q2
Gil Bertran, Finance Undersecretary, said that he expects GDP growth to have accelerated in the second quarter and to have returned the seven-percent growth pace on the back of rising manufacturing during recent months. (Source: Philstar)

India & Pakistan: India-Pakistan Peace Efforts Take A Hit After Secretary-Level Talks Are Called Off
In a move that will set back efforts directed toward restoring peaceful ties between the two neighbors, India on Monday called off planned talks with Pakistan, according to media reports. (Source: International Business Times)

China: China Should Cut Interest Rates: Government Researcher
Although the country in on track to meet it’s growth target for this year, according to Chen Dongqi, a government researcher, China should loosen its monetary policy to spur growth. Chen said that the economy is losing momentum amid falling domestic demand. Special attention should be focused to the sharp fall in credit and financing figures for July. (Source: Reuters)

United Kingdom: UK CPI Inflation Rate Falls more than Expected in July
Britain’s consumer prices index fell sharply last month, but rail campaigners won’t be happy that fares will rise by up to 5.5% (Source: The Guardian)

European Union: EU Compensates Fruit and Veg Growers Hit by Russian Ban
The European Commission has announced emergency EU funding of 125m euros (£100m; $170m) for fruit and vegetable growers hit by Russia’s ban on most imported Western food. (Source: BBC News)

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

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