Thursday, July 19, 2012

Roubini : 5 Factors could derail the Global Economy

Five Factors could derail the Global Economy , Those factors are:
  • A worsening of the debt crisis in Europe
  • Tax increases and spending cuts in United Sates that may push the world’s biggest economy into recession
  • A hard landing for China’s economy
  • Further slowing in emerging markets
  • A military confrontation with Iran

according to New York University Economics professor Nouriel Roubini “Next year is the time when the can becomes too big to kick it down (the road)…then we have a global perfect storm,” Roubini told Reuters in a recent interview - in Business Financial Post
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