Numbeo's Economic Predictions For 2011

1. EUR/USD rate will raise to at least 1.45, since USA has big trade and fiscal deficit and EURO zone has trade sufficit (and smaller fiscal deficit).
2. EU bailout of Spain and Portugal (after Greece and Ireland).
3. Gold price will start to fall (comparing to EURO), since what goes up has to go down eventually.
4. Housing prices will decrease in most countries, especially in East Europe.
5. Oil prices above 120$ per barrel. With weaker USD and more consumption in 3th world countries the pressure on oil will continue in spite of clean energy incentives.
6. Increase of food prices worldwide due to food commodities increase - bread price will increase
7. More governmental interventions in the economy to speed up post Great Recession economical recovery.