TODAY’S TOP ARTICLES – 14 JAN 2015

Korea: Will Bank of Korea surprise with rate cut?
Economists are now divided over whether South Korea’s central bank will move to ease monetary policy this week after President Park Geun-hye on Monday surprised markets during her annual address to the nation by hinting of further rate cuts. (Source: CNBC)

Russia: World Bank Predicts Russian Economy to Shrink 2.9 Percent in 2015
According to a recent report by the World Bank, the Russia economy is expected to contract 2.9% in 2015. However, the economy will return to growth in 2016. The Bank projects an expansion of 0.1% in 2016 and 1.1% in 2017. (Source: TheMoscowTimes)

Japan: Japan reveals record defence budget as tensions with China grow
Japan has announced its biggest ever defence budget in response to China’s increasing military influence in the region and Beijing’s claims to a group of disputed islands administered by Tokyo. (Source: The Guardian)

Haiti: Political uncertainty in Haiti as parliament is dissolved
Parliament in Haiti has been dissolved after the failure of last-ditch negotiations over a new electoral law. (Source: BBC)

Iran: Iran nuclear talks: Kerry to meet Zarif in Geneva
U.S Secretary of State John Kerry is meeting today his Iranian counterpart Mohammad Javad Zarif to start the new round of talks, which aim at limiting Iran’s nuclear programme. (Source: BBC)

Global: World Bank cuts forecast for growth
The World Bank has cut its forecast for global growth, warning that the world economy remained overly reliant on the “single engine” of the US recovery. (Source: Financial Times)

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

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