Bundesbank Unfazed by Emerging Markets,

The turbulence experienced in emerging markets early this year is insufficient to derail a recovery in the global economy, which could strengthen during 2014, Germany's Bundesbank said on Monday.  Currencies in Turkey, South Africa, Hungary and Russia suffered major sell-offs over the past month before recovering slightly after central banks fought back via interest rate hikes or exchange rate interventions.

http://tinyurl.com/kks7mzp

Emerging Markets to Lead the Next Decade

Standard Chartered Bank is forecasting average growth of 3.5 percent in global gross domestic product for the 2000-2030 period, well above the 3.0-per-cent rate in the prior 20 years, helped by an expected pick-up in global expansion over the rest of this decade.  The research expects China to lead the way on reform. This could enable its economy to deliver average growth of 7 percent between 2013 and 2020 and, with rebalancing of the structure of its economy already under way for more sustained growth, 5.3 percent for 2021 to 2030.

http://tinyurl.com/kov6yxz

Philippines Growth Holds Above 7%

The Philippine economy expanded above 7 percent for a fourth straight quarter, defying a regional slowdown to remain one of Asia’s best performers as President Benigno Aquino boosts spending. Stocks rose.

http://tinyurl.com/pkvh353