It is now an earning report season and the graph below clearly show how wrong experts have been in guessing the Q1 earnings.
The future is hard to predict, but we can have a decent guess of what it will look like by looking at people who will influence the future outcome. If you want to see what the world economy will most likely look like, you would need to look at the behaviour of those who will become major spenders, events that shape their thinking and their priorities. To that end, Goldman Sach has made a beautiful visualisation.
You may have noticed that the prices at the pump have plummeted over the last six months. A short answer is that the price of crude oil has dropped from USD$107 in June 2104 to around USD$53 by the end of the year. Here is a pretty picture explaining key economic information on its consumption and production by countries.