The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
South Africa's second quarter growth undershot economists' expectations in spectacular fashion on Tuesday, a clear signal emerging markets face torrid times.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
GDP estimates by the Central Statistics Office for the 2013-14 fiscal year show an improvement over the previous year. But the extent of improvement is too small for comfort. Possibly, in the final revision, that small margin may disappear or even turn negative.
from Photographers' Blog:
Gruyeres, western Switzerland
By Denis Balibouse
In summer, some go to the seaside or countryside, visit a new city or country, but some choose to live a different way. The Murith family will not have a day off: they will work 15 hours a day, seven days a week from mid-May to mid-October.