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I'm still very pessimistic on the Eurozone. It has taken longer to explode than I thought it would. Mostly, I think, because the ECB finally did things it wasn't supposed to do. I'm still surprised at how many people and parties in even the worst hit countries seem so willing to complain about everything -- except the Euro itself. Their main hope now is that recovery in the rest of the world might pull the Eurozone out of a deepening recession, and avoid an eventual explosion. Maybe.

In 2010 and 2011 WCI had forecasting contests - here's Nick's post announcing the winner of the 2011 contest: http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/01/canadian-economic-forecasts-2011-revisited.html. It looks like we didn't have one for 2012?

Yes - Let's have a 2013 prediction contest like in 2010 and 2011

It's kind of fun and a good reality check on how darn hard it is to predict!

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