Sunday, February 24, 2013

Roubini Forecasting 1.6% GDP Growth in the U.S. this year

Nouriel Roubini : “We believe we will go into sequester so the fiscal drag could be something like closer to 2% of GDP”“It doesn’t look like there will be a last minute deal on the sequester ….the question will be how long the sequester will last.”“The fiscal drag will be another 0.7% or 0.8% of economy” which could lead to another shock in the financial markets and another rating agency downgrade - in Yahoo Finance
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