The uncertainties of 2013 make way for the unknowns of 2014

摘要

We're in uncharted territory. Quantitative easing on an unprecedented scale has to be unwound and no one fully understands what the economic impact will be. China is embarking on another round of reforms with all the risks that that involves.Brazil's most prominent entrepreneur has filed for bankruptcy, putting a dent in the country's new-found confidence. The European Central Bank is embarking on an asset quality review of eurozone banks (see story page 42) that will backfire if it is not completely credible.With so many unknowns, small wonder that in his end-of-year review (page 22), Paul Wallace concludes that 2013 was a year of mixed fortunes with the much same in store for 2014.