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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?
Measured in unicorn fart dust.
Didn't he flat line a few years back?
How would you know; he keeps vanishing in the mist.
I believe the unicorn is still in the White House, no?
Zimbabwe too!
Yea, u r right, where is Zimbabwe (school of economics)?
I heard that it's in Northern Virginia or maybe across the Potomac somewhere.
That is the 'american' school of economics.
The zimbabwean effort had this good it shed light on the fact that leading a policy wont get similar effects.
Bernanke is a successful man as the head of the FED. Put him in charge of the Zimbabwean central bank and his success story is over.
That is the way an 'american' world works.
Free Tibet!
Down with Chinese Citizenism!
The only good monolizer of the speeching means is a dead monolizer of the speeching means!
SO Greeks will have the longest shafts in 2016?
That's three years of incubation. Big catch up ball!
I think it should be who will go backward because at some point in time everyone will join us with stopping going forward.
LOL!
Hmmm, now with an Argentinian Pope, maybe them...
Itsa Wedsnesday Ink For All!
..."The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'
And the first one now
Will later be last
For the times they are a-changin'"
"But you who philosophize disgrace and criticize all fears
Take the rag away from your face
Now ain't the time for your tears"
Food for thought.
IF THE GDP OF GREECE IS AT 0, CAN IT GO LOWER? no.
It can either stagnate or increase, that is a mathematical certainty.
In a fixed monetry regime of XIX century (Greece is not printing its own money), the economy would plunge so much post a banking crisis that at some point it would stop plunging!
I guess this screams buy Greek Bonds. Funny Shit
Maybe my Zimbabwaian 50 Trillion Dollar Bill will be worth more than less by then
What.....no 'negative growth'.....which is decline in grade school English....:)
Is this utopia?
The guys who missed the biggest financial crisis ever, propose that the Eurozone is getting better? They must be on to something.......rolling my eyes.....
A bit misleading, since by then Greece's economy will be one-third the size at its peak, or something like that. Percentages can be misleading that way.
All from the same people who systematically destroy economies with their assanine keynesian ideas. What could possibly go wrong?
That Legarde... she has the flawless skin, the volupous figure, the great teeth... the sweet ass... yep, the whole package. All that and a great sense of humor!!
you know she is a post-(troika) op, right?
Maybe Geithner will be IMF prez in 2015
If you were paid to write what people want to read and to keep the herd pumped, would you give a flying fuck about any facts?
Me neither.
During the Gret Depression a Wall Street broker sent a note to a client apologising that that the chart sent to him with the projections was incorrect and was sorry for any losses incurred.
The client sent a note back telling the broker not to worry becuse he accidentally examined the chart upside down and as a result did the opposite and made money.
I am wondering if we should do the same with this chart.
lol
I would agree IF Greece were to leave the Eurozone and go back to the drachma. It would be so weak against other the other currencies that visitors would get more for their money. I have no idea why they don't just leave the Euro now. Take their free money from the other countries and run. But it would take more than until 2016 to get to that kind of growth. 2020 a little more realistic (if they did leave). If they don't, they're screwed.
Growth soon - Mrs Papandreou will invest her $500Mn savings from the household budget stored in Switzerland for safe keeping in case the Eurozon broke up and get the economy going again... fo' sho'
Greece - I can actually believe it. Listen to NBG's audio meeting for Q3 (I think nov 2012), they plainly state that liquidity injections are happening in 2013 to recap Greek Banks, which in turn will ramp up asset purchasing.
I'm not sure which is funnier,... Greece at 1st... or Ireland at 4th!?!
8>D
According to the IMF my penis is going to be two inches longer in 2016.
Mine too! What a coincidence. The little lady of the house can look forward to a full 2.5 inches of throbbing manhood soon.
Wait a minute, so the Greeks will grow more than the Dutch?
*short dutch oregano
after how many new bailouts?????? Send them 200 billion nd their GDP should llok good....does paying off German bankers count as GDP?????
I can bet against the IMF on this happening?
Easiest bet, ever.
I'm at a Greek restaurant with my family and we order saganaki...
The kids ask me "What does Opa! mean?"
I tell them it means "Oh no! The cheese is on fire!!"
LOL, dont't pay your bills, get bailed out and the IMF rewards Greece.
Comical.
You crap on the IMF and they thank you for it.
Germany implodes !!! well relatively speaking...kissing cousins?
used to be that money sent overseas was "overseas aid" and voted on by the electorate; now the aid is dispensed by central banks without so much as a "please sir, can we have some more?".
well that dont look sooo unrealistic, till 2016 greece will be realy realy fucked up. a little recovery on way lower lvl is just logical,
That looks correct to me. You take the burden off. We start again. Human Activity.
That graph looks like a gun,,,,,Tyler your under arrest, report to the DHS for proper processing and internment. You have crossed the fucking line and Obama has given the green light to have you renditioned to camp lovely for re-education...
We now need someone to take the rains of ZH...
That’s all
The Kill Switch
After 2013, 14, and 15, they will do much better considering they'll be starting with nothing. i.e., whats 0 plus 60%
Well then. Why doesn't the EU put Greece, Estonia, and Ireland in charge?
This is like saying hitting yourself in the head with a hammer makes you feel fantastic when you stop.
...
Laughable nonsense that chart is.
/yoda
smoke screen, smoke screen, so the truth cannot be seen
http://www.youtube.com/watch?v=-XgpxxUbk8Q
algos only understand yoy or mom, or milliomilli, so go long greece.
the flow do know what it know, you know. and no else.
I love how they color the chart so that anything over a half percent looks good.
It always struck me as odd. I mean really... Who the fuck are you IMF? Are you a country? a nation? you just have money like some fucking rich fuck? who are you?
A club.. That you can't join.
International Mother Fuckers
Thanks for your interest.
Interesting.. what is the land underneath their feet? water? maybe so
3.5% of zero is still zero.
/math nerd
If your net worth is $0.01 and it increases to $0.02 you have 100% growth.
Cooking Greece's books to show 4% growth is a joke compared to all the Financial Pole Smoking that is going on elswhere.
Really funny. Think its their way of justifying continued lending to these idiots. Otherwise, it will be first default on the IMF.
do'ah of course................. the question is...... how long will it take to get to the last peak.
If you go down 20$ and go up 30% you are still down.................... duh
"Wish upon a star..."
"Living on a prayer..."
What else?
Take my hand, we'll make it I swayer.
What type of asshole would make a prediction about 2016 growth in 2013?
Droll humor at its finest.
Your mom?
The list is a who's-who of turd world countries and formerly sovereign nations.
Q: Speaking from first-hand knowledge, or offering expert academic opinion?
you guys are being way too harsh, Greece is definitely at the bottom
...of all the debt service they're going to pay for the next decade.
Green shoots! Forward!
Opa Malakas!
I very much prefer the word "regression" over "recession" when referring to the state of our global economy Tyler. In fact I like it so much that I may adopt it as a replacement for "recession" ;-)
Breaking News:
CIA, FBI, NSA get full access to financial data on American citizens and others
The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.
http://homment.com/cia-fbi-access-finance-data
The Founding Fathers, FDR, JFK and Reagan would weep over America's leadership and political decay -- if they could. They'd weep, like Jesus wept over Jerusalem (as he knew of its coming demise).
They would weep in joy after seeing how much 'americanism' has been successful in conquering the world.
The empire of liberty, funded out of debt, as envisioned by the Founding Fathers.
An 'american' success story.
Except for Communist China, of course --- their own unique and particularly pernicious brand of roadside-crapping citizenism has fouled the landscape and spreads its poisons into the atmosphere and oceans worldwide, contaminating the entire earth with their toxins and foul waste.
But no price is too high for Chinese citizenism consumptionalizing progress and greedy world resource blobbing-up. Just ask the Tibetans (those who remain).
The Tibetans? Here, we are talking about a storm that is ravaging the entire world and the only retort 'americans' have is Tibetans.
'Americans' have written off future for billions of people on the planet. And the only thing they have to oppose is Tibetans.
For 'americans', the group is all. And indeed, in their 'american' eyes, a tibetan life is worth much more than another. This will keep going as long as they are not the ones coercing the tibetans.
The day 'americans' sit on the chair on the coercer of Tibetans, suddenly, the worth of a tibetan life will plummet.
Such are 'americans', as acted by their eternal nature.
Anti-American rambling eternal nature of Chinese cosmonaught AnAnonymystic are putting to my mind this Chinese Citizenism famous classic of days of glorious Cultural Revolvalutions fabled past, by group is all, Guess Hu:
Americanism woman, stay away from me
Americanism woman, roundeye let me be
Don't come blob-up around my door
I don't want your citizenism no more
I got more important things to do
Than save Tibetan 'foreign devils' with you
Now woman, I said stay away
Americanism woman, listen what I say
Americanism woman, get away from Mao
Americanism woman, eat a floating sow
Don't come wokkin' around my door
Don't wanna see your hygiene no more
Poisoned rice can hypnotize
Speeching means I can monolize
Now woman, I said get away
Americanism woman, listen what I say
Ah So, Guess Hu from Canadia.
Confucious say he who go to bed with itchy asshole, wake up with smelly finger.
Rusty Trombone say Me Chinese Me Play Joke Me Put Pee Pee in your Coke
The guy who made the chart is calling a bottom, after the bottom the only way is up. I think he is wrong, the worst is yet to come because all the bad debt must be worked out and nothing except monetization is being done.
I think someone got the chart backwards.
or
They just dont give a shit anymore.
or
They are delusional
I really don't care which it is one way or the other... all the same to me.
We all seem to praise and respect the millions of immigrants who came to America for a better life -- to escape, oppression, persecution, hunger, poverty (and excessive taxation). Then how is it that we cannot afford the same enthusiasm and respect for those who want to leave the US,or are advising us to leave -- for the same reasons?
Is it cognitive dissonance within you? Is it some primal jealousy of not being able to do the same (for personal or financial reasons), and we are deflecting this jealousy? Surely it cannot be 'national pride' -- not with all the disparaging comments having been made about the country and its populace, its leaders and politicians!
An emotional mirror is an ugly beast to look at sometimes, isn't it?
Enthusiasm and respect? The piece of advice is border line criminal.
'Americans' are duplicitous. They wont tell but keep acting. So one does not care about what they say or do not say.
The US is the mecca of 'americanism' on Earth and as put by an 'american' on here, is in the eye of the 'american' storm that is wreaking havoc throughout the world.
For 'americans', the group is all.
Quick example:
'Americans' might oppose the droning of 'americans' holding the US citizenship on the US ground. And they are quite supportive of droning US citizenship holders outside the US or non US citizen holders.
Anytime an 'american' advises another 'american' to leave the US, the another 'american' is exposed to be droned without any consideration.
Anytime an 'american' advises another 'american' to drop the US citizenship, the another 'american' is exposed to be droned without any consideration.
It is a con game. Fact is that you cant bamboozle 'americans' about 'americans'.
As to migration, as 'americans' put it, if you cant join them, beat them. If you cant beat them, join them.
This is an 'american' world and this alone will ensure that a lot of migratory pressure is applied on the US as people outside the US know that the best safeguard against 'americanism' is to go and live on the US soil. And this includes all the 'americans' who live outside the US.
I bet you jerk off when you write this kind of bigoted shit.
Must be kind of difficult, though, having to use tweezers.
Ummmm, minds other than 'american' minds might admit that typing on a keyboard and jerking at the same time must be kind of difficult.
But it is known that 'american' minds revel in wallowing in propaganda and fantasy so they have to dismiss the most obvious side of reality.
Such are the 'american' ways as 'americans' are acted by their eternal nature.
Ummm. minds other than insanitationalized Chinese Citizenism ananonymystics might admit that bigoted scapegoating of one nation of people for all of the world's ills, and kneejerk blameplacing of same while painting one's own authoritarian, polluted and resource-blobbing-up nation as faultless, and pure as the driven snow, is kind of kooky, and indicative of a small, hateful and damaged mind. Yes, they might admit this, for it is the truth.
But it is known that dog-wokking Chinese hypocritizens are above self-indictment, as the elevated levels of their insanity is in faraway heavenly realms, far above that of mere 'americans'. It is the stuff of legend.
Such are the squat-and-dump ways of Chinese shitizenism shitizens.
AnAnonymystic, take a bow ... and then your obligatory squat.
AnAnonymous driveled:
Key to propagation (propagandizing while jerking it) is ancient Chinese citizenism secret known as Flying Brown Dragon Technique. Jerking with dung hand and typing with other hand gives propagation bountifully.
Chinese citizenism citizen AnAnonymous highly skillful renowned for Flying Brown Dragon Technique. He known throughout province as master propagator.
The reality is though America rules the world, Americans have a hard time getting residency in most OECD countries.. one day most Americans will wake up to the fact that America is a totally different beast to Americans.
'Americans' have this obsession of being perceived for what they are not.
'American' economics do not exist to serve people in general. 'American' economics exist to serve the King class aka We The People aka the 'american' middle class.
Maybe a sizeable share of this 60pc unemployed youth was fathered by an 'american' middle class but that does not mean that they are themselves middle class.
As soon as they are not or no longer middle class, 'american' economics is no longer supposed to work to satisfy them.
That is the way it works in an 'american' world.
AnAnonymous dropped this stool:
Provide quality propaganda. Not worthless drivel that reads like a guy who participated to a game and is whining because he is on the losing side.
Or it does not work for you?
Greece is a bottom.
Priceless.
And they're ALL positive....even Greece, even Cyprus. Can only mean Essential quality required to be employed by the IMF is a need for fundamental belief in unicorns. Dumb shits!