Wednesday, September 29, 2010

Roubini : There is no full decoupling from the West

KUALA LUMPUR: The outlook for the global economy is not good, according to Nouriel Roubini, chairman of Roubini Global Economics.

There is a possibility of another recession in the world’s largest economy, the United States, he said and in Asia, in particular China, the world’s fastest growing economy, a derail in growth could be on the cards should there be continued weakness from Western economies.

“There is no full decoupling from the West,” he said at a panel discussion the symposium here yesterday.
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