Roubini sees ‘perfect world economic storm’ – why is this new ‘news’?
Coming changes to Canada’s GDP measurements, Germans voice concerns over ECB’s Outright Monetary Transactions Program
By Ian R. Campbell —— Bio and Archives--September 10, 2012
Canadian News, Opinion | Comments | Back To Full Article
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World >> Economy: Roubini sees ‘perfect world economic storm’ – why is this new ‘news’?
Nouriel Roubini, speaking September 7, is reported as predicting we face years of world economic ‘gloom’ irrespective of what is decided by political leaders in the Eurozone. Roubini said this would be driven by a ‘painful process of deleveraging, and up to a decade of low economic growth. The latter is said to be supported by an OECD report released September 6 that said the G7 economies would grow at an annualized rate of 0.3% in Q3 2012 – and that there now exists worldwide “dampening global confidence, weakening trade and employment and slowing economic growth”.
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