The Centre for Economics and Business Research has listed its top ten predictions for the global economy in the New Year, including a bounce back in Asia and a growing divide between the UK and the eurozone.
"It is time for our annual look ahead to the next year – and time for careful reflection over how we got on last year. We got quite a lot of our forecasts right, but by no means all," the CEBR said. It added: "We were delighted our forecast that the Olympics would be a failure was wrong (though we were technically correct to say parts of London’s economy lost out because of the crowding out of traditional tourism). "We were right on the US economy being the Western leader, the euro recession, the UK recession, the Asian slowdown, the squeeze on UK household incomes despite falling inf...
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