As it was informed by "Market Leader (US)"
Nouriel Roubini: USA, UK and Europe have 12 months to avoid recession
Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC., assumes that some of the most powerful economies in the world may face a recession if they do not take urgent steps within a year:
“Unfortunately, in my view there is a risk, at least a 50 percent probability, that in the U.S., in the eurozone, in the United Kingdom, and in most advanced economies, the future in the next 12 months might suggest a recession, a downturn, rather than reacceleration of growth…”
The eurozone crisis is escalating. Mr. Roubini assumes that it may spread over other economies outside the region as the steps taken by EU leaders are not sufficient to overcome the crisis.