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Tuesday, October 9, 2012

Stall Speed : The Growth next year could be as low as 0.5 percent

Nouriel Roubini : If the economy continues to grow at about “only 1.5 percent and you have a fiscal bump of 1 percent of gross domestic product, then growth next year could be as low as 0.5 percent,” “Given how slow we are growing, even a fiscal bump, let alone a fiscal cliff, pushes us close to stall speed.”Roubini said - in San Francisco Chronicle
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Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in