Nov 1, 2011

Renowned Economist Nauriel Roubini warns Lehman-type scenario out of European debt crisis

Eminent international economist NAURIEL ROUBINI who has so far been most accurate economic forecaster than most of others, has recently warned on 2008-Lehman-type credit crisis scenario and slowing-trend in growth of world’s major developed economies as well as China’s.
He also warned of Euro currency falling apart and Greece to be the first amongst those leaving eurozone monetary union.
On China, he said there is going to be hard-lending and following slower growth or no incremental growth which will have effect on world economy as china is now a growth engine for world in many ways.

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Posted on Tuesday, November 01, 2011 | Categories: