January 23 is the start of the Chinese new year. This lunar year, it is the "Year of the Dragon," the most powerful and auspicious creature in Chinese astrology.
Alion Yeo, a Chinese astrologer, says that the dragon is the only mythical creature in the Chinese zodiac, and represents the sky. He says that the dragon might bring rain for farmers, or it could bring storms and natural disasters to some parts of the world, especially southeast Asia.
Metal, wood, water, fire and earth are the five elements of the universe, according to the Chinese, and that 2012 is a year of water that favors Asia and the Chinese economy. Yeo claims that the United States economy will tank in 2012 but recover in 2013. He says that in Europe, it will recover in 2014.
Yeo also says that according to Chinese astrology, 2012 could bring viruses. Overall, he says that the year is one of change and upheaval.
As to the alleged Mayan doomsday prophecy, he does not think that it will be the end of the world in December.
Yeo's astrological prediction about the economy differs from the one given by Anthony Cheng, a Chinese astrologer in Hong Kong, who told the UK's Telegraph that said the world economy would continue to be depressed and who warned that in the second half of the year, a scandalous corruption case will be exposed in China that forces officials to step down.