Emerging Markets: 2014 Will Be Filled With Political Landmines In The Emerging Markets
This article from Business Insider argues that major political events and elections in emerging market countries next year will threaten economic growth. The outcome of elections that are scheduled to take place in Turkey, Indonesia, India, and Brazil and potential reforms will have a significant impact on growth going forward.
Australia: Australian economy cools down in Q3
According to the latest data published by the Australian Bureau of Statistics, GDP rose 0.6% over the second quarter in Q3 and 2.3% over the same quarter last year. The print comes to confirm what most private and official analysts had been pointing, that the economy is performing clearly below trend. The end of the mining boom due to a slowdown in global demand is seen as one of the major factors driving the deceleration, as BBC News reported.
Greece: Greece seen as most corrupt country in EU, Transparency International finds
In this article, Kathimerini reports that Greece is the most corrupted country in EU since it scored 40 out of 100 points on the perception of corruption scale published by Berlin-based NGO Transparency International on 3 December. However, according to the NGO, the country has made some progress from last year when it scored 36 points.
China: Central Bank Allows Direct Investment Overseas in FTZ
Caijing reports that the new Shanghai Free Trade Zone will be allowed to directly invest overseas, which is widely seen as a bold step towards capital account convertibility.
Myanmar: Yangon industrial complex on way
According to The Japan Times, construction on a joint venture industrial complex between Japanese and Myanmar companies has gotten under way in Yangon with an official ribbon-cutting and groundbreaking ceremony.