Wednesday, December 16, 2009

Nouriel Roubini Asia Must Brace for Difficult Start to 2010

Asian markets can expect a rough start to 2010 as low interest rates push down the value of the US dollar and drive asset bubbles, particularly in emerging markets, according to the New York-based economist, Professor Nouriel Roubini. In an interview with the Hong Kong Trade Development Council (HKTDC) ahead of Hong Kong's Asian Financial Forum, Prof Roubini said the trend will continue for another six to 12 months.

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