HSBC: these are the economies that could run into trouble

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Interesting and, in parts, slightly unnerving Bloomberg report on the macroeconomic outlook for countries around the world. The continuing weakness in Asia is driven by China’s ongoing slowdown, which is sucking many surrounding countries into its vortex; while asset bubbles in developed economies and depressed commodity prices are affecting a range of countries. Sweden, Norway, Malaysia and New Zealand have all been put on the “to watch” list, while Japan and the Philippines have been removed from it.