Current Affairs Global - 20 January 2015

1. China's economic growth dropped to 7.4% in 2014 compared to 7.7% in previous year of 2013. This is also its slowest growth in last 24 years. Also the growth missed the annual growth target of 7.5% for the first time in last 15 years. Chinese economy grew by 7.3% in the last quarter (October-December) of the previous year.

2. The International Monetary Fund (IMF) has lowered global economic growth forecast for the current and next year. It has reduced global economic growth projection to 3.5% for 2015 from earlier projection of 3.8%. It has also reduced GDP growth projection for 2016 at 3.7%.

3. Microblogging site Twitter announced its first acquisition in India as it plans to acquire Indian mobile phone marketing start-up ZipDial for nearly USD 30 million. This acquisition will help Twitter to expand its presence in India, world's second-biggest mobile market.

Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns. The start-up's clients include IBM, KFC and Gillette etc.