The Economic Update – January 2014
Summary of the January 2014 FSP Economic Update:
• Global equity markets sold off initially on fears of an earlier start to US Federal Reserve (Fed) tapering, before rallying after the Fed announced it would commence tapering in January.
• Emerging market equities continued to underperform developed markets. Concerns over a lack of structural reforms by governments of large twin-deficit economies, including Indoneseia and Brazil, continued to contribute to the decline.
• Concerns persist over the sustainability of growth across many emer…