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Roubini sticks to 2013 “perfect storm” prediction
Reuters – Economist Nouriel Roubini is standing by his prediction for a global “perfect storm” next year as economies the world over slow down or shudder to a complete halt, geopolitical risk grows and the euro zone’s debt crisis accelerates. Roubini, the New York University professor dubbed “Dr Doom” for predicting the 2008 financial crisis, highlighted five factors that 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; and a military confrontation with Iran. Read article
Tags: 2nd Great Depression
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