Euro Shock Leads to Global Slowdown

Euro Shock Leads to Global Slowdown By Evangelos Otto Simos, Ph.D. INTERNATIONAL ECONOMIC OUTLOOK Dr. Simos is Director of Forecasting at e forecasting.com, a division of Infometricas Data Center, 65 Newmarket Road, Durham, NH 03824, U.S.A. Web Site: www.infometrica.com, e-mail: eosimos@e-forecasting.com. This report does not purport to be a complete description of global economic conditions and financial markets. Neither the Journal nor Infometrica, Inc. guarantee the accuracy of the projections, nor do they warrant in any way that the use of information or data appearing here in will enhance operational or investment performance of individuals or companies who use it. The views presented here are those of the author, and in no way represent the views, analysis, or models of Infometrica, Inc. and any organization that the author may be associated with. GLOBAL ASSESSMENT AND OUTLOOK I. G A A vailable data and analysis of financial markets indicate that while the global recovery is on track at present, it has lost its momentum driven by a Euro Area adverse “shock” from the sovereign debt crisis. The probability of a double-dip scenario in the global business cycle has increased ...