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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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