This is a must-read. It’s currently the FT’s most popular article. It highlights the European Commission’s latest Eurozone forcasts for 2015. Check it out!
Go to the graphic and press the arrow on the right hand side of the chart.
I was truly amazed at the change in the EC’s forecasts between Spring & Autumn 2014. What stunned me was little old Cyprus!
Cyprus moved from -0.5% to +2.0%. The only other Eurozone country to beat Cyprus was Ireland. Perhaps, the EC are beginning to factor in the Cyprus offshore gas reserves?
Apart from Ireland & Cyprus, otherwise there’s lots of bad news.
I wonder if the new team at the EC are being really conservative, so that they can later chalk up their success in response to their own policies?
Any thoughts, especially on the Cyprus rebound?