Monday, August 17, 2009

Nouriel Roubini Bullish on China and India

Nouriel Roubini, Co-Founder and Chairman of RGE Monito, said the recession will continue through the end of the year. He added that due to financial imbalances of the economy, advanced economies, especially US, Europe and Japan, will see growth below the potential for the next couple of years.

Regarding the Asian economies, Roubini said China’s policy actions will lead to recovery and that demand from China for commodities will also help the recovery of Asia. “India, also, might observe an economic recovery given that they have better economy demand than other countries in the region,” he added.

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