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Most forecasters remain cautious about the prospects for economic recovery in 2010 and 2011, partly reflecting the likely drag on growth of efforts to tighten fiscal policies in order to deal with huge budget imbalances. As well as the high-profile problems in Greece, and concerns about some of the other smaller economies, budget problems abound throughout the region. Even in Germany, the general government budget is expected to record a deficit of more than 5% of GDP in 2010. This month's survey at least suggests that sentiment regarding public deficits has stabilised, with consensus forecasts having remained unchanged in our last two surveys. This applies to projections for both 2010 and 2011. But the expected pace of growth over the next two years appears likely to make significant progress on the budget front extremely difficult. If you would like to speak to one of
the partners of MJEconomics about the political and/or economic situation in
a country that you are planning to do business with, please send an enquiry
via our web page, or directly. We have considerable experience of following
political and economic developments in a wide range of countries, from the
Middle East, the Far East, South America, Europe, Africa or North America.
Unlike the large consultancy firms, we are available for short term
engagements, at low cost, to our existing customers. Having experienced the
worst of the current economic cycle, can you afford to ignore the advice of
those that can guide you through the upturn? . MJEconomics is a UK-based partnership,
set up with the intention of providing economic forecasts and advisory
analysis via e-mail and over the web to a broad spectrum of corporate
planners, investment analysts, researchers and marketing executives. Along
with consultancy services, MJEconomics also publishes a series of newsletters
based on surveys of macroeconomic forecasts for a number of
regions and economies. |