March 31st 2013 – the miracle happens here

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I was rather amused by George Osborne’s quoting of the growth forecast from the Office of Budget Responsibility (OBR), as reported by Andrew Sparrow on the Guardian’s Live Blog:

This year – growth of 0.9%

2012 – 0.7%

2013 – 2.1%

2014 – 2.7%

2015 – 3%

2016 – 3%

So, we go from low 0.7% growth in 2012 to a thumping 2.1% in 2013.

So in 2013 the Eurozone will all be sorted out, Greece and Italy will be awash with cheap cash and flowers will bloom out of George Osborne’s ears.

They haven’t really got a clue have they? It’s ‘forecasting’ in the sense of “wishful thinking’.

Merry Crisis image credit: Some rights reserved by Design Insane

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