FPS’ Friday Fiver – prediction edition

As Christmas party season reaches its messy peak, no doubt many of you are rubbing bleary eyes today and wondering why you had that last glass of Prosecco.  We’ll keep the Friday Fiver soothing this week and I can guarantee that there are no flashing images below.  

In a slight detour from our usual news review we’ll dust down our crystal balls and gaze at the year ahead. We have handpicked a series of largely unrelated predictions for your reading pleasure.

 Economic

Anemic, uncertain and indebted are the buzz words for the economic outlook, particularly in the Western world. It’s not a pretty picture as Nouriel Roubini outlines in the Guardian.  

Upcoming policy decisions both in Europe and the US are likely to have a significant bearing on the year ahead. In his 2012 outlook, Morgan Stanley economist Joachim Fels states:

Policy make or break: We expect upcoming policy decisions in the US and Europe to hold the key to the global growth outlook. With a recession in Europe, anaemic growth in the US and a further dimming of emerging market economies’ growth prospects as our base case, we see global growth falling below its long-term average. 

[More detailed article here]

 

 

[Work to do on the production lines]

Political

The biggest foreseeable political event of next year is likely to be the US election but given the social upheaval we have seen both at home and abroad in 2011, who knows what is in store.

In the States, Obama will be defending his position against an as yet undecided Republican candidate. Mitt Romney, Ron Paul and Newt Gingrich are all still in contention.

[Newt Gingrich – A face of 2012?]

A quick scan of the betting odds, suggests that Obama is still the favourite but much could happen between now and polling day.

Olympic

It’s hard to talk about 2012 without mentioning the London Olympics. Looking back at the 2008 medal table, China came out on top with Great Britain in fourth spot. Will we beat 47 medals in 2012?

Clive Woodward is of the view that hosting the Games should act as an additional incentive to our athletes and our medal count is likely to increase next year. Michael Johnson, a man who knows a thing or two about Olympic competition, is of the view that athletes may relax too much whilst at home. It didn’t seem to do him any harm in Atlanta however…  

Apocalyptic

Depending on your interpretation of the Mayan calendar our days may also be numbered. According to the calendar we have just over a year as the world may end on December 21st 2012. We had better get busy in that case…

 On that cheery note, I ask you to consider the importance of your New Year’s resolutions and bid you a Merry Christmas and a Happy New Year.

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