Crystal Ball Fortune Teller Voodoo Prediction

Image: Steven Snodgrass via Flickr

Goldman Sachs is out with its first predictions for how 2012 and 2013 will shape up, and the news isn’t all that thrilling.

 

Led by Francesco Garzarelli in London and Dominic Wilson in New York, the team set out to forecast what markets, currencies, commodities and even central bank policies would be.

Their estimates are not so rosy. Rather, they paint a somber picture of Europe while world GDP growth falls further from earlier estimates.