Friday, January 3, 2014

Roubini gets bullish on global economy

(CNBC) Economist Nouriel Roubini, renowned for his foretelling of doom and gloom in financial markets, has turned bullish in his 2014 outlook, expecting economic performance to “pick up modestly” in both advanced economies and emerging markets.

“The advanced economies, benefiting from a half-decade of painful private-sector deleveraging, a smaller fiscal drag, and maintenance of accommodative monetary policies, will grow at an annual pace closer to 1.9 percent,” he said in an opinion piece on the Project Syndicate website on Tuesday.

“Moreover, so-called tail risks will be less salient in 2014.”
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 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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