- 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).
- EU bailout of Spain and Portugal (after Greece and Ireland).
- Gold price will start to fall (comparing to EURO), since what goes up has to go down eventually.
- Housing prices will decrease in most countries, especially in East Europe.
- 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.
- Increase of food prices worldwide due to food commodities increase - bread price will increase
- More governmental interventions in the economy to speed up post Great Recession economical recovery.
Wednesday, December 29, 2010
Numbeo's Economic Predictions For 2011
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