Guess Which Country The IMF Forecasts Will Grow The Most In 2016
The IMF - known for its independence, thoroughness, and Keynesian multiplier fiascoes - is the go-to institution to back any bullish-scenario because one can always rely on any dip in data or markets to hockey-stick back to textbook trend. With that background, we thought it fascinating to see, as Bloomberg Brief notes, which European nation is expected to be the leading economy for the entire Eurozone in 2016. As a hint, in Q4 2012 its economy fell 5.7% YoY, and the nation's overall economy has shrunk 20% since the regression began in 2008. As a final hint, the nation's Finance Minister on Monday told The Guardian the nation was over the worst. We can only hope the 60%-plus of youth that remain unemployed are buoyed by these rosy projections.
Chart: Bloomberg Briefs
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Opa!
Wow comical.
http://jimroger.blogspot.ca/
All the way from worst to first.
Congratulations on your projected path back to prosperity Greece!
(Isn't April Fool's Day a little early this year?)
I believe this is one of those "Shit in one hand" charts.
On second thought, as long as they exit the Euro by 2015 I personally see no problems with these projections.
Thats the Ouzo consumption chart.
Yeah! After going bankrupt in 20014/2015, there is a small chance they will see some growth.
In related news, I hereby project that I will be a billionaire by 2016...
You probably already are a Billionaire...in Zimbabwe.
Let me guess, it's Spain!
The one with the most death squad activity
Speaking of buoyed .. that should make sense to the strong Greek youth.
My best times in the 100 meter freestyle were always when I had a concrete block strapped to my back.
They should have put Japan at No.2 ;)
Sorry I'm late, time-zone an all, but I was picking France...?
"Defense" technology (armaments) and surveillance technology are some of the few growth industries in these countries.
Italy's low growth rate ... Italy is wrecked. It might end up being the first to leave the Euro, even before Greece or Spain.
You must be one of those bitcoin guys. You know, they are all going to get rich off an unnecessary product.
Dude, look out the window quick... is it a bird, a plane, no it's Dronneeman!
The growth will come from the money sent back by all the Greeks who went to Germany to clean car windows at stoplights.
What no trifecta? I thought all EU horse races to the bottom had a win, place and show?
Looks about if they used the ABS() funtion so that all the bars point in the same direction!
Of course they are going to first. The IMF is going to supply them with a boat load of money at low rates.
Yes, comical. When I first noticed the title yesterday I cried out the first stupidity that crossed my mind "Greece!" Then I entered the article and, voila, it was there!
Well, if your GDP is down 40 % over several years it´s not a big deal if you grow again 3 % at a certain point.
Zorba must be rejoicing.
When starting at zero one step forward is huge. Zorba's zebra is black then white.
One step forward> by 2016 it should be the third or fourth step.
I was thinkin about Greece, but as a joke
Greece is goin to invade Germany and plunder the beer land?
fuck me
This plan has already been put into action. Germany has been infiltrated by thousands of Greeks supposedly seeking work. In actual fact they are getting ready to overthrow Merkel, grab control of the Bundesbank and declare the drachma as the new European currency.
The Germans will be put to work to pay for overdue war reparations plus interest.
The Troika realized that turning the lights off on the Greeks who turned the lights on for the rest of the world to see, was not nice. Not only that, the Greeks threatened that they will turn the lights on once again for the rest of the world to see who the banksters are, did the trick.
Greece will be refloated to make a counter example and cover the banksters' tracks.
A TV reporter once was interviweing a homeless person living under a bridge and noticed that he was articulate and hopeful, to which he asked: "You are homeless and yet you have a hopeful spirit why is that?" I cannot get any lower and thius the only way from here is up.
That story is a blockbuster material.
Let's see if Brad Pitt will portray Achilles (again!)
Greek mythology + German technology = Sehr Gut. Although it could quickly evolve into porn flick, but that's not such a bad thing considering context.
Pretty scary. They are going all the way out to 2016 and they don't expect more than 4 of the countries to have higher than 2.5% growth and 10 to have less than 2% growth. These numbers are not what recoveries are made of.
And coming from the IMF, we can easily divide all of these numbers by 4 or more to get the real estimates.
You could probably divide them by any negative whole number as well.
"These numbers are not what recoveries are made of."
Right - and this from the giddy cheerleaders...
Most scary is that the US is not even on the list. Nada, nowhere, zilch, gonzo.
The whole "European nation" is just so confusing, right?
heh...don't be smart...the UK isn't there either!
Those are the 17 Eurozone Countries
How many SDR's is the IMF gonna have to create out of thinn air to reach this goal for Greece?
As many as it takes.
Well sure when you start from negative position. Think of all that yogurt being exported.
Stinkin iPad dp
The IMF knows that when they're poor enough and miserable enough, they will be happily broken to harness.
At a couple euro a day, their labor market will really take off.
Like China, the cheapest labor wins.
It wont happen. You cant live in Greece with a couple euros a day.
Today is only Wednesday, isn't this supposed to be saved for Friday Humor?
It actually makes sense and is quite possible.
By 2015 the Greek economy will have contracted to such a low level of GDP that even a tiny incremental improvement will look very impressive in percentage terms.
Yes. The economy contracts 60% and a year later it grows 2% - they will claim "it" is working.
MEASURED IN DRACHMAS?