Tuesday, April 30, 2013

Roubini : Growth in Emerging Markets Positive for Global Economy

Roubini Global Economics Chairman Nouriel Roubini today spoke about geopolitical risks in the global economy, providing a vision for 2020, at the Plenary Session of the 44th General Assembly of the WTCA, New York. Roubini : US economic growth is being supported by an easing in the monetary policy. The US Federal Reserve is expected to continue quantitative easing for another year and have zero policy rates for two years. Roubini also said the US has no plan for medium-term fiscal sustainability. Referring to China, he said that the country may experience a slowdown and have a “hard landing” next year since savings are high, but consumption is low. - in ET Now

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