"A "Perfect Storm" will sweep through the world economy next year, with the eurocrisis escalating as the world economy judders to a halt.
That's the prediction from economist Nouriel Roubini, living up to his reputation as Dr Doom.
Roubini believes five events will strike next year, driving the financial crisis to new depths. They are: a worsening of Europe's debt crisis; the US 'fiscal cliff'; a Chinese 'hard landing'; a slowdown across the emerging markets; and war with Iran.
As Roubini put it to Reuters:
Next year is the time when the can becomes too big to kick down (the road)... then we have a global perfect storm."
Zur Definition "Perfect Storm" (Nouriel Roubini):
AntwortenLöschen"A "Perfect Storm" will sweep through the world economy next year, with the eurocrisis escalating as the world economy judders to a halt.
That's the prediction from economist Nouriel Roubini, living up to his reputation as Dr Doom.
Roubini believes five events will strike next year, driving the financial crisis to new depths. They are: a worsening of Europe's debt crisis; the US 'fiscal cliff'; a Chinese 'hard landing'; a slowdown across the emerging markets; and war with Iran.
As Roubini put it to Reuters:
Next year is the time when the can becomes too big to kick down (the road)... then we have a global perfect storm."
(via Guardian Eurozone crisis live blog)