Sunday, October 28, 2012

28/10/2012: Some more EZ forecasts from Citi


Two more charts from Citi Research highlighting some growth differentials within the Euro area (note second chart - Ireland position).



As I mentioned before, these are not my views, these are Citi forecasts. Where I broadly agree with Citi on: 1) Ireland is likely to outperform EZ average growth in longer term (I am not sure about 3.0 and 3.1 percent growth in real terms in 2015-2016); and 2) EZ growth is likely to average around or below 1% in 2014-2016. More short-term, I doubt EZ will stay in a recession territory in 2013 (full year) and in 2014.
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