Here are Ernst & Young’s latest eurozone real GDP projections, to 2014 (underlining in blood-red ours):

And here are the Irish government’s real GDP projections for the purposes of the make-or-break 2011 budget for consolidating Irish finances:

Spot the difference. Again.

Related links:
Eurozone forecast: Winter 2010 – Ernst & Young
Mechanics of a European capital flight – FT Alphaville

This entry was posted by Joseph Cotterill on Monday, December 13th, 2010 at 17:20 and is filed under Capital markets. Tagged with austerity, eurozone, fiscal austerity, ireland, Sovereign debt, sovereign risk. Edit this entry.