2012 Outlook

Here we go.  Time to nail my colours to the mast and guess forecast what this year has in store.  I’ve noticed two major temptations when doing this:  a)  to predict something ‘interesting’ or unexpected because it’s fun and the converse b) to assume everything remains basically the same.  The truth is inevitably the messy place in between.  This time I have 10 predictions, 7 economic and 3 political.  My outlook is that overall the UK economy will weaken further making it harder to cut the budget deficit and requiring yet more stimulus bt the Bank of England.  In politics, I predict a worsening of the position of Labour relative to the Conservatives. We shall see!

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