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China's FX reserves reach new high as Indian inflation declines
Weekly investor research
20 January 2014
The World Bank paints a more positive picture for the global economy in 2014, including Emerging Markets (EM), but parts of
the media appear spellbound by the risk scenarios. Meanwhile, in EM China’s reserves set a new record, Indian inflation
headed lower, Russia took another step towards a fully flexible currency, Turkey’s public finances remained solid, Brazil hiked
50 basis points again, and JP Morgan added South Korea to its ELMI+ index.