Wednesday, November 18, 2015
Nouriel Roubini says Paris attacks could boost the eurozone economy
Economist Nouriel Roubini said Tuesday the Paris attacks could end up boosting the eurozone economy if the European Central Bank decides to increase its program of monetary stimulus by a larger margin than it would have otherwise. In an interview with CNBC, the founder of Roubini Global Economics said the the impact of the attacks would otherwise be 'modest', unless more follow. Roubini also discussed his views on China, saying he expects the world's second-largest economy to experience "a bumpy landing" as it becomes more consumer-oriented. On the subject of the Federal Reserve, Roubini stressed that whether the central bank raises interest rates in March or December is largely irrelevant to market's long-term performance. The long-term pace of interest-rate hikes would have a much larger impact, he said.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics