- Prison Planet.com - http://www.prisonplanet.com -
Double-Dip Recession Still in the Picture: Roubini
Posted By admin On August 3, 2009 @ 3:35 am In Money Watch | Comments Disabled
Monday, August 3, 2009
The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, economist Nouriel Roubini told CNBC Monday.
By contrast, China and India have the best chance of leading the recovery, Roubini said.
The double-dip is still possible because of very large budget deficits that are being monetized by monetary-policy authorities, Roubini, co-founder and chairman of RGE Monitor, said, speaking at the Diggers and Dealers mining conference in Kalgoorlie, Australia.
If central banks continue to monetize the deficits, “long-term bond yields may go higher, and they may crowd out the economic recovery leading to a double dip,” he said.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/double-dip-recession-still-in-the-picture-roubini.html
URLs in this post:
 CNBC.com: http://www.cnbc.com/id/32265635
 Image: http://prisonplanet.tv/signup.html
 ROUBINI: The Recession Is Guaranteed, The Only Question Now Is How Bad It Will Be: http://www.prisonplanet.com/roubini-the-recession-is-guaranteed-the-only-question-now-is-how-bad-it-will-be.html
 Soros & Roubini: US Is Already In Recession: http://www.prisonplanet.com/soros-roubini-us-is-already-in-recession.html
 Unemployment to Rise Through Most of 2010: Roubini: http://www.prisonplanet.com/unemployment-to-rise-through-most-of-2010-roubini.html
 Recession Will Last At Least Two Years: Roubini: http://www.prisonplanet.com/recession-will-last-at-least-two-years-roubini.html
 Roubini: The Economy Is So Weak Now That Any Shock Will Cause A Double-Dip: http://www.prisonplanet.com/roubini-the-economy-is-so-weak-now-that-any-shock-will-cause-a-double-dip.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.