Friday, September 2, 2011

Roubini : risk of a double dip recession in most advanced economies

Nouriel Roubini : I do not see a global recession in the sense that the emerging markets that account for half of the economy are going still grow robustly , but I certainly see a situation where a risk of a recession or a double dip is significant not only in the US but also in the most advanced economies , if you look at the peripheral of the Eurozone they are already in a contraction Greece Ireland Italy Portugal and Spain the UK had no economic growth for three quarters....." Nouriel Roubini speaking to Bloomberg from Cernobbio in Italy - Sept 02 2011

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