The best and worst predictions of 2015
Many of the financiers and executives who frequent the World Economic Forum pride themselves on their ability to divine the future. Here’s a look at which 2015 predictions hit the mark and which were misses.
UBS Group Chairman Axel Weber said euro area inflation would stay well below the European Central Bank’s target of just under 2 percent, despite quantitative easing. The annual rate fell to 0.2 percent in December.
Abdalla el-Badri, the secretarygeneral of OPEC, said oil would stabilize around $45 to $50 a barrel. It closed the year at $37.
On the dollar
Ray Dalio, founder of the hedge fund Bridgewater Associates, was on the mark when he forecast a “short squeeze” would boost the greenback. The dollar did strengthen, gaining 11 percent against the euro.
On the Fed
Morgan Stanley Chief Executive Officer James Gorman said he would “put good money on a rate hike this year,” but he bet it would come in the second quarter. The Fed made its move in December.