TODAY’S TOP ARTICLES – 03 OCT 2014

Global: Lagarde: Global Economy Weaker than Envisioned 6 Months Ago, IMF to Cut Growth Outlook
The economic rebound is weaker than the International Monetary Fund envisioned six months ago and the global economy could be stuck in a sluggish growth rut for a long time, IMF Managing Director Christine Lagarde said Thursday. (Source: CNBC)

Europe:
Mario Draghi’s QE: too Little for Markets, too Much for Germany
European stocks have suffered the steepest one-day fall in 15 months after the European Central Bank retreated from pledges for a €1 trillion blitz of stimulus and failed to clarify the scale of quantitative easing. (Source: The Telegraph)

Hong Kong: Hong Kong Protests may Cost Retailers HK$2bn Says ANZ Bank
Hong Kong’s pro-democracy protests may have cost the city’s retailers more than $2bn Hong Kong dollars (£175.7m), ANZ bank estimates. (Source: BBC News)

Brazil: Rousseff Widens Brazil Election Lead, Challengers Even
Brazilian President Dilma Rousseff has extended her lead ahead of Sunday’s election and would win re-election in a likely second-round runoff, while her main challengers are almost tied for second place, polls showed on Thursday. (Source: Reuters)

Japan: Japan to Address Weak-Yen Impact With Aid to Small Firms
Japan’s government announced on 3 October a plan to address concerns about the weakening currency by promising aid to small firms. This week the yen depreciated to its lowest against the dollar since 2008. This raises concerns that the benefits to export earnings will be outweighed by damage to purchasing power. (Source: Bloomberg)

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

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