TODAY’S TOP ARTICLES – 20 AUG 2014

Argentina: Argentina to Bring Defaulted Debt under National Law
President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order. (Source: CNBC)

Japan: Japan Exports Growth Fuels Recovery Hopes
Japanese exports showed a surprise rise in July, reigniting hopes of growth for the world’s third largest economy. Exports rose 3.9% when compared to one year ago, helped by higher shipments of cars and electric machinery. It is the first increase in three months. (Source: BBC News)

Chile: Chile’s Economic Recovery Will Be Slower than Expected: Central Bank Chief
In a recent statement to media, Chile’s Central Bank governor Rodrigo Vergara indicated that the recovery of the economy will be slower than expected. Vergara admitted that there are still considerable declining expectations as a result of the weak performance of the economy, particularly in terms of domestic demand. (Source: Infolatam) (Language: Spanish)

Mexico: Mexico’s Pena Nieto Eyes Annual Growth of 5 Percent around 2018
Mexico’s President Pena Nieto said that the country could reach an economic growth of 5.0% by 2018. Regarding the current year, the President added that the government expects the economy to expand 2.7%, which is in line with the forecast of the finance ministry. (Source: Reuters)

Netherlands: Russia’s Sanctions Cost the Netherlands EUR 300 Million
Russian sanctions against agricultural imports from the West cost Dutch exporters at least EUR 300 million, according to an estimate from the Dutch statistical office. (Source: Spiegel Online, Language: German)

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

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