Wednesday, October 20, 2010

Roubini sees weak, V-shaped recovery in Emerging Markets

Economist Nouriel Roubini said that emerging-market growth would fade in this half of 2010 and in 2011, though he continues to predict a “V-shaped” recovery compared to advanced economies’ “U-shaped” path. The World Bank raised its 2010 growth forecast for emerging markets in east Asia excluding China to 6.7 per cent.

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