Tuesday, April 17, 2012

17/4/2012: GIPS vs Default Countries

New IMF forecasts are out for the WEO April 2012 database and so time to update some of the charts. This will happen over a number of posts, but here is the chart I used in today's presentation on the future of Irish banking and financial services.

The chart shows the impact of the current crisis in GIPS against Russia, Argentina and Iceland post their defaults. It sets pre-crisis income expressed in US dollars at 100 and then traces back years of crisis.

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