Tag Archives: new year forecast

2018 Won’t be New or Happy, Either!

by Louis Yako

After a long reflection with a dear friend about some difficult events she had encountered in 2017, she ended with the typical statement, “let’s hope 2018 will be a better year.” I don’t know why this statement sounds to me as one full of defeat and hopelessness. It is a statement that many people repeat one year after another, even though they know deep inside that it is a fake form of optimism we console ourselves with, like a scared child singing in a dark alley to keep himself distracted from darkness. It is a way to seek solace about the fact that most of us are held hostages in the hands of few oppressive political and economic elites suffocating us. So, let’s get directly to the bad news without fooling ourselves further: 2018 won’t be new or happy while we are being ruled by the same war-mongers seeking to destroy everything meaningful and beautiful on our precious earth.

UK | 2016 will be a year of living dangerously for the global economy

Larry Elliott

Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly.