Friday, May 30, 2014

Russia & Ukraine could affect The European Recovery

Ruhle: What does all this mean for the European economy? 

 Roubini: Well the eurozone right now is recovering. There’s been a severe recession. There’s the beginning of an economic recovery, but this is a recovery that’s fragile, it’s anemic, it’s uneven, especially in the periphery of the eurozone. I would say the last thing that the eurozone can afford and need right now is another shock coming from an increase in gas prices and or even a cut off of supply of gas coming from Russia to the Western European economies. That would tip the European economies back into a recession if that were to occur.

Nouriel Roubini of Roubini Global Economics, discusses how Russia and Ukraine could affect the European recovery, market preparedness for a potential slowdown in the Chinese economy and why he sees a less dovish Federal Reserve in the near future from the 2014 Milken Global Conference on Bloomberg Television’s “Market Makers.” 

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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