Tyler Cowen offers some economic guesses for the coming year. In a nutshell, he thinks Russia is doomed; American wage growth will remain stagnant; a resource crash will throw Canada and Australia into downturns; Abenomics will fail once and for all; Greece will cause chaos by voting itself out of the eurozone; China will decline; Latin America will decline; and Italy and France (and maybe Germany) will stagnate. On the bright side, India might do OK.
And that’s not all. We might have a stock market crash in the US. And maybe a nuclear bomb will go off somewhere. And we’ll have another outbreak of avian flu.
This public service announcement has been brought to you by the Doleful Society of Dystopic Downers. If you haven’t yet given up all hope, there’s more at the link. Including at least one cheerful prediction!