Saxo Bank's ten 'outrageous predictions' for 2014

Saxo Bank has published a list of ten 'outrageous predictions' which could play out in 2014 and impact global investment markets.

These potential scenarios range from a return to a 'Soviet-style economy' in the EU and a recession in Germany, to a complete failure of the quantitative easing programme in the US. The bank's chief economist, Steen Jakobsen, said these ten predictions, which are not the official forecast of the bank for 2014, are not meant to be 'pessimistic'. "Looking back through history, changes have always come as a result of the thorough failure of the old way of doing things," he said. "2014 could and should be the year in which a mandate for change not only becomes necessary, but is also imple...