Tuesday, September 30, 2014

Roubini : The stereotype about BRICS is false

Nouriel Roubini (Professor of ecnomics at New York University)
With the right monetary and credit easing, the fiscal adjustments and the structure reform the chances that Eurozone recovery is going to be stronger. The stereotype about Brics is false: three of them this year are going to grow less than United States. So the divide is going to be: which of the countries have the political institution to do economic adjustments and reforms . One of the reasons why italian economic growth has been stagnant is because there are plenty of rigidities. Renzi maybe is too ambitious but I think it is the right horizon.The positive effects of reforms will take two to five years to have an impact

 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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