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Tag Archives: forecasts

EU Commission Forecasts Extend Greece Recession to 2017

The European Commission sees Greece’s economy returning to recession in 2015 and the following year, with growth only materialising in 2017, and urged the Greek government to comply fully with the terms of the third lending agreement in order to restore economic confidence. According to finance news MNI.com, in its …

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OECD cuts Greece’s Growth Outlook, increases Debt/GDP and Unemployment projections

The Organization for Economic Cooperation and Development cut its global growth forecast, saying investment is lagging and risks including a possible Greek default are hurting confidence. In its semi-annual report the OECD says  that “the world economy will expand 3.1 percent this year, down from the 3.7 percent predicted last …

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Bank of Greece report: economy rebalancing, but 28% unemployment for 2013

Greece is moving forward. Like a wild horse in the prairie, the debt-ridden country is galloping towards economic recovery and prosperity for all. If only there were not the grimy numbers predicting that the wild cart called Greece has still long way to go, as week by week, the economic …

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Oh,Oh,Oh! Greek Elections Under the Influence of Full Moon…

Is this a good or a bad sign? May 2012 Full Moon occurs on May 5th, just one day before Greeks will rush to cast a vote and elect a new government. This full moon occurs at the sign of Scorpio and near Libra. Scorpio has the reputation of some …

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Greece’s Small Businesses Forecast Sharp Revenue Drops

Small Greek businesses expect revenue to fall in the first half of this year as the economic environment deteriorates, a Marc SA poll showed, according to Bloomberg. Half of 1,200 enterprises surveyed said they foresee difficulties in the coming months and are at risk of shutting down, according the poll, …

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Full Moon and Total Eclipse: How Do They Affect Our Lives?

A wonderful ‘blood-red’ full moon will rise after the sunset on December 10th, 2011. Bright and mysterious and a kind of scary. The full moon on Dec 10/11thfalls victim of a total lunar eclipse. As the moon will rise in Europe it will be covered partially with the shadow of the earth, …

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How Lunar Eclipse Affects EU-Summit

Oh Oh Oh! Looking at the planets I would urgently and strongly advice our esteemed EU leaders to postpone the EU Summit scheduled for Thursday and Friday,  December 8th and 9th 2011.  Not only retrograde Mercury will have a major negative impact on their communication and will get them involved in endless …

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Non-Stop Scenarios on Greek Debt Restructure in Davos

The issue is getting out of control as  ill-favored  Prophets keep circulating  debt restructuring omens and spells amid denials not only by the EU and the IMf but also by the Greek governemnt . I just wonder, what these self-proclaimed oracles have been chewing … “laurel leaves” like in Ancient times …

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Greece Default by 2016, predict Global Investors

Do not get mislead by the title. The news is good!  In fact, the news is much  better than the  Bloomberg poll of  November 2010, where 71% of the global investors were predicting  that Greece would most likely default within 12-18 months 🙂 Here is an excerpt by the Bloomberg poll: Most …

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Greek Economy: The 4,5 Billion Euro Black Holes

Hm…it’s quite confusing all this fuse about the state of  Greek Economy, the prediction of global investors in Bloomberg survey, the 4,5 billion euro holes and the possible New Austerity Measures … All these news came out just days before the 2nd round of local but highly political elections. Local elections that turned into …

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Greece most likely to go bankrupt in 12-18 months

Ireland may be at the heart of the eurozone debt crisis right now but  global investors still believe that Greece is more likely to go bankrupt within the next 12 to 18 months. According to the latest Global Poll by Bloomberg  1,030 investors , fund managers and Bloomberg users who participated in the survey …

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