Tuesday, January 4, 2011

Roubini : L Shape stagnation in the Eurozone

Nouriel Roubini  :"...Well, in the case of Eurozone, five economies, three are still contracting, Spain, Greece and Ireland, two of them Portugal and Italy, are barely growing. So, it is not even a question of double dip they never got out of the first dip.

It is more like the shape of an L of stagnation like in the case of Japan in the longer term unless they solve their own problems. So the risk of double dip and continuation of recession is highest in the periphery of the eurozone. ..."
via www.economictimes.indiatimes.com

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