Wednesday, 19 December 2012

Banks take predictions to the extreme - The National

Imagine a world in which oil sells for US$50 a barrel, the United Kingdom is not part of Europe and Ukraine is one of many Russian satellite states. If you're thinking 1970s, then think again and let your mind take you back to the future.

For all three of these scenarios are not a distant memory, but some of the more unusual predictions for 2013 made by some of the world's leading investment banks.

In an effort to ram home the implications of broad economic trends and political developments, analysts from various banks and research houses have come up with extreme case scenarios that could evolve in the coming year.

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