‘Doctor Doom’ predicts severe recession in US ...News

Russia Today - Economy
‘Doctor Doom’ predicts severe recession in US
source : Russia Today ( News ) () 24
Renowned economist Nouriel Roubini issues the warning as the Fed tries to curb soaring inflation An eminent economist, Nouriel Roubini, has warned of an impending severe recession, as the US government tries to fight against a four-decades-high inflation rate. “I think there are many reasons why we are going to have a severe recession and a severe debt and financial crisis,” Roubini told Bloomberg on Monday. The US economy is in a period of stagflation (low growth and high inflation), while debt ratios are “historically high,” Roubini explained, suggesting that the same applies to other developed nations worldwide

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