The2014AlertMechanismReport(AMR),whichlaunchesthenextannualcycleoftheMacroeconomicImbalancesProcedure,providesanobjectiveanalysisofMemberStates'economiesbasedonascoreboardofindicatorsthatmeasureinternalandexternalcompetitiveness.

Please segment the words.
The 2014 Alert Mechanism Report (AMR), which launches the next annual cycle of the Macroeconomic Imbalances Procedure, provides an objective analysis of Member States' economies based on a scoreboard of indicators that measure internal and external competitiveness.