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Guess Which Country The IMF Forecasts Will Grow The Most In 2016

Tyler Durden's picture




 

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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Wed, 03/13/2013 - 15:39 | 3327134 Ness.
Ness.'s picture

Opa!

Wed, 03/13/2013 - 15:46 | 3327189 Silver Bug
Wed, 03/13/2013 - 15:48 | 3327201 Kitler
Kitler's picture

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?)

Wed, 03/13/2013 - 15:49 | 3327205 Dr. Richard Head
Dr. Richard Head's picture

I believe this is one of those "Shit in one hand" charts.

Wed, 03/13/2013 - 15:53 | 3327222 Kitler
Kitler's picture

On second thought, as long as they exit the Euro by 2015 I personally see no problems with these projections.

Wed, 03/13/2013 - 15:56 | 3327253 Winston Churchill
Winston Churchill's picture

Thats the Ouzo consumption chart.

Wed, 03/13/2013 - 16:00 | 3327275 WayBehind
WayBehind's picture

Yeah! After going bankrupt in 20014/2015, there is a small chance they will see some growth.

Wed, 03/13/2013 - 16:02 | 3327285 Pool Shark
Pool Shark's picture

 

 

In related news, I hereby project that I will be a billionaire by 2016...

 

 

Wed, 03/13/2013 - 16:09 | 3327326 MrNude
MrNude's picture

You probably already are a Billionaire...in Zimbabwe. 

Wed, 03/13/2013 - 17:24 | 3327626 imaginalis
imaginalis's picture

The one with the most death squad activity

Wed, 03/13/2013 - 22:51 | 3328462 Manthong
Manthong's picture

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.

Thu, 03/14/2013 - 06:14 | 3328994 Short Memories
Short Memories's picture

They should have put Japan at No.2 ;)

 

Thu, 03/14/2013 - 02:36 | 3328843 Rogue Trooper
Rogue Trooper's picture

Sorry I'm late, time-zone an all, but I was picking France...?

Thu, 03/14/2013 - 05:16 | 3328964 ChrisFromMorningside
ChrisFromMorningside's picture

"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. 

Wed, 03/13/2013 - 23:38 | 3328585 e_goldstein
e_goldstein's picture

You must be one of those bitcoin guys. You know, they are all going to get rich off an unnecessary product.

Thu, 03/14/2013 - 02:41 | 3328846 Rogue Trooper
Rogue Trooper's picture

Dude, look out the window quick... is it a bird, a plane, no it's Dronneeman!

Wed, 03/13/2013 - 19:00 | 3327850 Anusocracy
Anusocracy's picture

The growth will come from the money sent back by all the Greeks who went to Germany to clean car windows at stoplights.

 

Thu, 03/14/2013 - 06:24 | 3329001 spankfish
spankfish's picture

What no trifecta?  I thought all EU horse races to the bottom had a win, place and show?

Wed, 03/13/2013 - 16:55 | 3327510 AGuy
AGuy's picture

Looks about  if they used the ABS() funtion so that all the bars point in the same direction!

Wed, 03/13/2013 - 23:13 | 3328537 dirtbagger
dirtbagger's picture

Of course they are going to first. The IMF is going to supply them with a boat load of money at low rates.

Thu, 03/14/2013 - 05:20 | 3328967 Anasteus
Anasteus's picture

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!

Thu, 03/14/2013 - 06:34 | 3329007 Wolferl
Wolferl's picture

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.

Wed, 03/13/2013 - 15:41 | 3327155 dbTX
dbTX's picture

Zorba must be rejoicing.

Wed, 03/13/2013 - 16:02 | 3327291 I am more equal...
I am more equal than others's picture

When starting at zero one step forward is huge.  Zorba's zebra is black then white. 

Thu, 03/14/2013 - 00:00 | 3328633 slightlyskeptical
slightlyskeptical's picture

One step forward> by 2016 it should be the third or fourth step.

Wed, 03/13/2013 - 15:46 | 3327158 news printer
news printer's picture

I was thinkin about Greece, but as a joke

Greece is goin to invade Germany and plunder the beer land?

fuck me

 

Wed, 03/13/2013 - 16:16 | 3327353 Peter Pan
Peter Pan's picture

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.

Thu, 03/14/2013 - 02:40 | 3328845 Oracle of Kypseli
Oracle of Kypseli's picture

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.

   

 

Thu, 03/14/2013 - 02:56 | 3328854 BorisTheBlade
BorisTheBlade's picture

That story is a blockbuster material.

Thu, 03/14/2013 - 03:06 | 3328862 StychoKiller
StychoKiller's picture

Let's see if Brad Pitt will portray Achilles (again!)

Thu, 03/14/2013 - 04:54 | 3328946 BorisTheBlade
BorisTheBlade's picture

Greek mythology + German technology = Sehr Gut. Although it could quickly evolve into porn flick, but that's not such a bad thing considering context.

Wed, 03/13/2013 - 15:43 | 3327162 slightlyskeptical
slightlyskeptical's picture

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.

Wed, 03/13/2013 - 16:04 | 3327297 jvetter713
jvetter713's picture

And coming from the IMF, we can easily divide all of these numbers by 4 or more to get the real estimates.

Wed, 03/13/2013 - 16:14 | 3327347 toys for tits
toys for tits's picture

You could probably divide them by any negative whole number as well.

Wed, 03/13/2013 - 16:45 | 3327467 SeattleBruce
SeattleBruce's picture

"These numbers are not what recoveries are made of."

Right - and this from the giddy cheerleaders...

Wed, 03/13/2013 - 16:49 | 3327487 Doubleguns
Doubleguns's picture

Most scary is that the US is not even on the list. Nada, nowhere, zilch, gonzo.

Wed, 03/13/2013 - 17:20 | 3327618 Five8Charlie
Five8Charlie's picture

The whole "European nation" is just so confusing, right?

Wed, 03/13/2013 - 17:42 | 3327685 hooligan2009
hooligan2009's picture

heh...don't be smart...the UK isn't there either!

Wed, 03/13/2013 - 20:07 | 3328050 plongka10
plongka10's picture

Those are the 17 Eurozone Countries

Wed, 03/13/2013 - 15:44 | 3327165 Charles Nelson ...
Charles Nelson Reilly's picture

How many SDR's is the IMF gonna have to create out of thinn air to reach this goal for Greece?

Wed, 03/13/2013 - 15:46 | 3327190 ParkAveFlasher
ParkAveFlasher's picture

As many as it takes.

Wed, 03/13/2013 - 15:44 | 3327174 de3de8
de3de8's picture

Well sure when you start from negative position. Think of all that yogurt being exported.

Wed, 03/13/2013 - 15:45 | 3327175 de3de8
de3de8's picture

Stinkin iPad dp

Wed, 03/13/2013 - 15:44 | 3327177 Conax
Conax's picture

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.

Thu, 03/14/2013 - 03:30 | 3328876 AnAnonymous
AnAnonymous's picture

It wont happen. You cant live in Greece with a couple euros a day.

Wed, 03/13/2013 - 15:45 | 3327178 Taint Boil
Taint Boil's picture

 

 

Today is only Wednesday, isn't this supposed to be saved for Friday Humor?

Wed, 03/13/2013 - 15:48 | 3327195 Bam_Man
Bam_Man's picture

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.

Thu, 03/14/2013 - 00:52 | 3328743 Freddie
Freddie's picture

Yes.  The economy contracts 60% and a year later it grows 2% - they will claim "it" is working.

Wed, 03/13/2013 - 15:48 | 3327199 PUD
PUD's picture

MEASURED IN DRACHMAS?

Wed, 03/13/2013 - 16:06 | 3327307 McMolotov
McMolotov's picture

Measured in unicorn fart dust.

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