He does predict very low economic growth for the Eurozone and the US. We are talking close to zero in Europe and between 1% and 2% in the USA.
Is this good or bad news? Well I guess it depends. Its good news from the point of view of no recession and bad news from the point of view of a stagnant, non job creating economy.
Reuters: Roubini sees eurozone 2010 growth "closer to zero"
The currency bloc does not face a double-dip recession, however, despite deteriorating financial-market confidence over economic growth in an age of fiscal austerity...
Growth in the U.S. economy could slow in the second half of this year to 1.5 percent from 3 percent in the first...
2 comments:
Double dip u ahead. It's only a Recession for people with jobs for the rest of us it's a Depression.
Can there really be economic growth year after year. This is such a miserable time for bank and corporate greed given the stretched problems the world is facing.
Post a Comment