Wednesday, May 6, 2009

Roubini Sees Negative U.S. Growth Through Year End

May 6 (Bloomberg) -- Nouriel Roubini, the New York University economics professor who predicted the current financial crisis, comments on the prospects for economic growth.

Roubini says the U.S. economy may see negative growth through the end of the year end and recovery would be "weak" in 2010. Roubini, speaking in Singapore, also discusses outlook for the financial-services industry. (Source: Bloomberg)

00:00 Outlook for negative growth through year end
00:22 "Creeping nationalization" of banks; economy

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