Thursday, June 24, 2010

Roubini : The asymmetry implies that global economic recovery is weaker than expected

Roubini on China US and The G20


"China and other countries are right in telling countries like the US that they need to cut budget deficits,"
"Last year most of the governments reacted aggressively with monetary stimulus and stopped the global economy from a free fall. But the G20 nations clearly have priorities that are different from one another,"
"The asymmetry implies that global economic recovery is weaker than expected,"
"I am not sure how they (G20 leaders) can achieve cooperation, because the state of cooperation is still unclear,"
"I am not blaming the US, or China, but everyone should do their part," said Nouriel Roubini.
in China Daily

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