Chart usGOLD   Chart usSILVER  
 
Food for thought
Life is under no obligation to give us what we expect.
Margaret Mitchell  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1223.25-0.15
Silver 18.560.03
Platinum 1344.60-6.20
Palladium 824.30-8.50
WORLD MARKETS
DOWJONES 1715726
NASDAQ 45629
NIKKEI 16052163
ASX 5411-35
CAC 40 443122
DAX 966229
HUI 215-5
XAU 90-2
CURRENCIES (€)
AUS $ 1.4345
CAN $ 1.4160
US $ 1.2867
GBP (£) 0.7910
Sw Fr 1.2110
YEN 139.6460
CURRENCIES ($)
AUS $ 1.1147
CAN $ 1.1004
Euro 0.7772
GBP (£) 0.6147
Sw Fr 0.9411
YEN 108.5450
RATIOS & INDEXES
Gold / Silver65.91
Gold / Oil13.02
Dowjones / Gold14.03
COMMODITIES
Copper 3.14-0.01
WTI Oil 93.95-0.47
Nat. Gas 4.00-0.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
EU Doesn't Like Its Forecasts, So It Removes Them From Its Site
Published : February 25th, 2013
267 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   France | Germany | Spain |

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 ...

This 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).

Although 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

Those 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%.
Sooner or Later

El Economista 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
http://globaleconomicanalysis.blogspot.com
Data and Statistics for these countries : France | Germany | Spain | All
Gold and Silver Prices for these countries : France | Germany | Spain | All
Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Mish
All articles by
Mish
Next article by
Mish
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Mish

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
Mish ArchiveWebsiteSubscribe to his services
Most recent articles by Mish
9/17/2014
9/17/2014
9/17/2014
9/16/2014
9/16/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer