Turkey to collapse, Germany in recession, CAC 40 drops 40% - outrageous predictions from Saxo Bank
Baku, Fineko/abc.az. Saxo Bank, famous for its ‘Outrageous Predictions’ has released its annual set of predictions for the year ahead. This year’s predictions range from an EU wealth tax and the Bank of Japan’s cancellation of all its government debt to a nasty hangover for the tech sector’s ‘Fat Five’ and a plummeting Brent crude price as the market becomes awash with oil. Another outrageous claim is that US deflation will loom large following Act II of Congress’s political morass in January, while Germany may be dethroned as the Eurozone’s outperformer and fall back into recession.
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