TODAY’S TOP ARTICLES – 20 JAN 2015

China: China’s growth slows to weakest in 24 years
China’s economic growth slowed to its weakest in 24 years, expanding 7.4% last year from 7.7% in 2013. (Source: BBC)

Estonia: Estonia producer prices continue to drop in December
Estonia’s producer prices continued to drop in December, falling 1.6% in annual terms, which was a slightly smaller drop than the 2.3% decline recorded in November. (Source: RTT News)

Japan: Bank of Japan: To bazooka or not
The Bank of Japan is in a bind: cheaper oil prices are almost certain to slow inflation and force the central bank to miss its 2 percent target set for this year. But economists are divided over whether the BOJ will act. (Source: CNBC)

Mexico: Oil Majors Show Early Interest in Mexico Bidding Round
Major international oil firms including Exxon Mobil Corp. and Royal Dutch Shell PLC are showing interest in the initial phase of a bidding round for exploratory oil and gas blocks in the shallow waters of the Gulf of Mexico that will be assigned by the government midyear, a top energy official said Monday. (Source: Nasdaq)

Egypt: Nestle to invest USD 138 million in Egypt during the next years
The food company Nestle said that it plans to invest approximately USD 137.93 million in Egypt throughout the next years and believes that the economic reform program will deliver results. (Source: Reuters)

Global: IMF downgrades global growth forecast
The IMF has downgraded its growth forecast for both 2015 and 2016. The Fund now expects growth of 3.5% this year, which is down from the 3.8% increase previously estimated. The growth forecast for 2016 has been cut to 3.7%. (Source: BBC)

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

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