ICELAND will be the world's worst economic performer in the coming year, according to the Economist Intelligence Unit, a sister organisation to The Economist. The tiny country will see growth shrink by nearly 10% following the spectacular collapse of its banks in the global financial crisis. Countries with free-falling currencies, burst housing bubbles and a heavy reliance on finance and trade will also suffer.China is predicted to grow at almost 8%. You've seen my predictions. Let's come back in about 6 months and see who gets closer: the professional economists at the worlds premier publication on the subject, or the libertarian lunatic on this site!
Thursday, January 1, 2009
The Growth Prediction Gauntlet
The Economist has a chart of predicted growth for 2009: