Wednesday, June 17, 2009

Nouriel Roubini: U.S. Risks Double Dip Recession

The U.S. economy will not recover until the end of this year, and even then growth will remain meek and vulnerable to higher interest rates and commodity prices, economist Nouriel Roubini said on Tuesday.

Roubini, who rose to prominence for predicting the global credit crisis, tore down the "green shoots" theory that a rebound is imminent, saying there was a significant risk of a "double-dip" recession where the economy expands slightly only to begin contracting again.

"In addition to green shoots there are also yellow weeds," he told the Reuters Investment Outlook Summit in New York.
Entire article :

1 comment:

Anonymous said...

W or L? Maybe WL shape recession? Is there any way out?

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