Thursday, November 5, 2015
Roubini : 7 Ways The Global Economy is going to Change
Sometimes referred to as Dr. Doom because of his accurate prediction that the US housing market would collapse, Roubini gave a lecture on Saturday and FinBuzz presents his top seven economic ideas from the event.
Aging population and the end of the ‘golden era’
Until 2013, markets were growing robustly. Now the golden era of growth is over. Economic slowdown worldwide has several causes: both governments and corporations have entered a deleveraging stage, saving more, and spending and investing less. The aging populations in both in Europe and Asia are changing the consumption model on an individual level, and people are saving more, too. Although corporations have enough cash, most of them are not inclined to invest money into new projects the way they have done before, as the level of political, economic, and geopolitical uncertainty has dramatically risen.
read more @ http://finbuzz.com/7-ways-the-global-economy-is-going-to-change-according-to-nouriel-roubini/
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics