Emerging markets thrive amid U.S. shutdown but will the U.S. default on its debt?

posted on October 7th, 2013 | filed under: Uncategorized

ClosedLet’s start with Global Emerging Markets (GEMs) to start off the Friday economics commentary. The cyclical business conditions in GEM-10 economies edged higher in September as activity continued to improve from a 4.3% quarter-over-quarter SAAR rate in Q1. China has been growing the fastest on the Economic Condition Index (ECI) as the U.S. is pushing EM down ECI improvements in Brazil and India in light of the recent shutdown. The full impact to GEMs from the current U.S. government shutdown will depend on its duration while the subsequent debt ceiling negotiations are another potential flashpoint in the near future.

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Article Courtesy of Samuel Scott Financial Group

 

posted by Jeff DeChamplain

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Jeff DeChamplain