Saturday, January 25, 2014

Roubini in Davos -- China Hard Landing

"I worry that this is going to be a gradual process and China is not going to rebalance fast enough, compared to what is desirable and optimal, and therefore the risk of a potential hard landing have not been totally, actually cleared yet,"
"They (the government) could be successful in this rebalancing but I would like to point out some elements, or at least skepticism, of why things might not turn out. And if you don't rebalance, instead of a soft landing you get a hard landing." said Roubini, the co-founder of Roubini Global Economics, speaking at the World Economic in Davos

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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