‘Doctor Doom’ predicts ‘long and ugly’ recession ...News

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‘Doctor Doom’ predicts ‘long and ugly’ recession
Renowned economist Nouriel Roubini issues a dire warning as the Fed prepares a fresh interest rate hike The global economy is facing a severe recession and a stock market crash at the end of this year, renowned economist and New York University professor Nouriel Roubini warned on Monday. The recession in the US and globally could last throughout next year, and the S&P 500 could fall by between 30% and 40%, Roubini said in an interview quoted by Bloomberg. His predictions come as the Federal Reserve kicked off its two-day policy meeting, with central bankers expected to announce a fresh and large rate hike on Wedne

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