2013 Forecasts From Around the World

Central Bankers

“We face a broader challenge—to defend the market economy amongst so many who suffered during the financial crisis. This was expressed memorably by William McChesney Martin when he spoke to the Economic Club of New York in 1957. He said, ‘Men begin to question whether the merriment was worth the misery, especially when the misery was worse among the millions who had never got in on the merrymaking in the first place.’ ” —Mervyn King, governor, Bank of England

Read more: http://tinyurl.com/cgvu334

Housing market on the upswing

Canada Mortgage and Housing Corporation’s fall 2012 Edmonton housing market outlook shows growth is steady for the area.

Total housing starts in the Edmonton-area census are forecasted to increase to 12,000 units by the end of 2012. They will then start moderating to 10,8000 units in 2013.

According to David Lan, senior market analyst with the CMHC, it is a sign that things are going well.

Read more:  http://tinyurl.com/ah4odbe