With thanks to Yogi Berra, making predictions is hard, especially about the future. And with constantly
revised forecasts for the EU, the European Commission decides the safe safe thing to do is Eliminate Forecasts for 2015.
Via Google Translate from El Economista ...
morning you could see the data for 2012, 2103, 2014 and 2015, but now
can only see the figures from 2011 to 2014 and there is no trace of the
catastrophic 2015 numbers (see the screenshots attached below).
Sooner or Later
there is no official communication in one way or another,
hypothetically could be a real blunder produced after being released by
mistake, or any type of computer failure, a former forecasts for 2012
under the 2015 column.'s say, that would have mistakenly announced as
2015 forecast estimates released earlier this year to last year.
Forecasts of Discord
European Commission forecasts envisage a general improvement in
economic scenario for 2014. However, estimates for 2015, this morning
hidden behind an interactive graphic , pointed for a few hours, before
being erased-a brutal relapse. In fact, Germany would grow 2% in 2014 to
only 0.8% in 2015, would UK from 1.9% to 0.3%, France 1.2% and Spain
0.2% from 0.8% to -1.4%.
has some interesting snapshots of the removed estimates. To be completely fair, the original posting may have been a simple mistake.
Regardless, I suggest the EU forecast for 2014 is too optimistic.
Will the EU 2014 estimates be revised
lower as well? If not soon, then expect revisions later, with France
leading the way lower.
Mike "Mish" Shedlock