NYU Professor Roubini on the Wires
Roubini Says:
- US job data extremely mediocre
- Sees advanced economies growth below potential
- Eurozone growth ‘weak at best’
- U.S.; Japan both at risk of double dip recession
- Bumpy road for recovery
- Hopefully we can avoid the double dip recession
- Fiscal adjustment in spain ‘Not Enough’
- US economy slowing
- Any stimulus in the U.S. wouldnt be meaningful
- Sees fiscal drag next year of as much as 1.5% of GDP




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