“I see anemic recovery of economic growth in the U.S., and the U.S. current account (deficit) is still very large,” New York University Professor Nouriel Roubini, a professor , said at the Troika Dialog Russia Forum in Moscow , as reported by Bloomberg.
“In the next two or three years, the dollar has to weaken further on a trade- weighted basis.”
Regarding The American Economy Roubini Said “There’s going to be better economic news for a couple of quarters due to temporary factors, such as restocking, fiscal stimulus, and base effects,” .
“In the second half, economic weakness is going to reappear again. On a trend basis, the dollar has to weaken.” Roubini added
2 comments:
That will only happen if Obama is allowed to remain in office. He must be impeached and removed from the USA
15-20% compared to what? Euro zone has huge issues with countries in high debt; China has issues with the sustainability of last years' growth.
Is there any currency that is not going to depreciate?
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