Citigroup sentences to Europe to faster economic death…(The NWO Bankers!!)
By Ambrose Evans-Pritchard
November 29th, 2012
The closer you read Willem Buiter’s imperial uber-blick of the world economy, the more astonishing it becomes.
Citigroup’s end of year forecast – Prospects for Economies and Financial Markets in 2013 and Beyond – is in essence a celebration of American revival and ascendancy. It sentences Europe to slow economic death.
The growth gap in 2012 between the US (+2.2) and the eurozone (-0.4) is the 2.6pc, the biggest since 1993.
Professor Buiter – Citi’s chief economist – said this is not a one-off. The differential will widen to 3.4pc in 2014 and continue at extreme levels into the latter part of the decade.
The compound effects of this for year after year are dramatic. Europe will be left behind as an outpost of stagnation in a G2 world dominated by the US and China, with a string of emerging powers gaining ground but still far behind.
Euroland’s nominal GDP will slip from 78pc of US levels this year to 66pc by 2025. India will overtake Germany by 2020. (German growth will be: 2013 (0.5), 2014 (0.3), 2015 (0.9). 2016 (1.1) — in other words, slow asphyxiation along with the rest of EMU).