Beware Of Forecasts - EconVue Spotlight
Predicting the future is notoriously difficult, but that doesn’t stop the flurry of prognostications every January. We’ve gathered a selection of 2019 forecasts, including some predicting low probability events, because just imagining the unlikely can reveal horizons sometimes obstructed by conventional wisdom.
Update on Iran's Political Economy: Will Taxes Replace Oil Revenues?
While the rest of the world is preoccupied with the now familiar crises in the MENA region (refugees, the Syrian civil war, Yemen) the newly reelected president of Iran appears to be making determined moves to shift Iran’s economy from dependence upon energy resources to reliance on taxation revenues.