Roubini : U-shaped recovery in the advanced economies

Nouriel Roubini : “My base scenario is that we will have a slow, U-shaped recovery in the advanced economies, but still there is a probability of a double-dip recession, or near depression, as in Japan in the 1990s,” “The recovery in advanced economies is still very tentative.” “If growth is only 1%, it is going to feel like recession, though technically it will not be a recession,” “You don’t create private jobs, the budget deficit widens, house prices go down instead of stabilising.”