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 [3] 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.
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Chart: Bloomberg Briefs