The world's economic boom will be over in 2006, predicts a new report from Nordea, one of the largest financial groups in Scandinavia and the Balticum.
Unemployment will continue to fall and then soar when the world's economy crashes, according to Nordea's analysts.
Senior analyst Jes Asmussen points out that inbetween preiods of high employment in the mid-eighties and nineties, there was a deep crisis in the early nineties, tying in with Fred Harrison's observation that crisis in the general economy coincides with 18-year business cycles in the property market. (Read more in Harrison's forthcoming book Boom Bust - Countdown to the Depression of 2010 on Shepheartd-Walwyn Publishers.
Download the complete Economic Outlook report from Nordea.
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