Not Too Swift

(1) Three-speed global economy. (2) IMF gives a haircut to 2013 world growth. (3) IMF still upbeat about 2014. (4) US more likely to impress than depress. (5) Construction and energy output leading the way. (6) Europe fiddles while Draghi pleads. (7) European SMEs are stressed. (8) Don’t hold your breath for euro zone banking union. (9) Weak yen should boost Japan’s exports, though maybe not to China. (10) Regulators shining a light on China’s shadow banking system. (11) Focus on market-weighted Information Technology.