Saturday, October 1, 2011

Roubini : US and UK already in Recession

“The way I see the global economy, I think we’re entering into a recession again in most advanced economies,” . “I think we’re already into one in the US based on the hard and soft data - same with most of the eurozone, same with the UK.” Nouriel Roubini said in a panel discussion at the Bloomberg Dealmakers Summit in New York , “At this point, the issue is not whether there is going to be a recession or a double-dip but whether it’s going to be relatively mild or whether it’s going to be a severe recession and a global financial crisis,” Roubini added “The answer to that question depends on what’s going to happen in the eurozone and whether they can get their act together.” - in

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