Economic experts can't predict the end of the crisis

The Organisation for Economic Cooperation and Development (OECD) has predicted that the economy of the Czech Republic, which is currently in recession, will return to growth next year. The conservative daily Lidové Noviny points out that the Czech economy is hugely dependent on developments in Germany, which continues to fare poorly: "In view of this dependency we can't expect any miracles in the coming years. Sinking exports to Germany can perhaps be compensated for on other markets, but only to a small extent. … What's interesting is that the OECD's prognosis contradicts that of the World Bank, which has predicted a negative economic trend. While the OECD says the world has already emerged from the lowest point of the crisis the World Bank claims we're still heading for it. What does this mean for the layman? That even the largest supranational organisations with hundreds of economic experts at their disposal do not understand the crisis, cannot describe it accurately and cannot predict how it will progress."

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