Data and Financial Journalist
2014 remains a year of expectations and recoveries since many economies will be witnessing the effects of amendments made in the previous year.This article focuses on the economies that can make it big in 2014. The article focuses on 3 economies that can be the largest in the world. The analysis is based on secondary research findings.The article is purely research based and any comments on the article are more than welcome!
On January 6, 2013 the global banking sector won a significant easing of Basel III Rules, when the Basel Committee on Banking Supervision extended not only the implementation schedule to 2019, but broadened the definition of liquid assets.
The ripple effect of the financial downturn spread across nations from 2007. The intensity of financial shock from US Subprime Mortgage Crisis was so large that it caused Europe to witness a falling economy. Through out 2009 till 2013 Eurozone has been facing a fluctuating economy causing serious concerns over rising unemployment and failure to revive the sleeping economy. In 2013, Asia Pacific faces serioius concerns with China, Japan & India falling slowly in the financial trap.The falling rupee, tumbling asian stock markets and a high food inflation are causing grave concerns over asian economies.