Roubini Sees 50% Chance of Recession in U.S., Eurozone, U.K.
October 24 — There is a 50 percent chance of a recession in the U.S., the U.K. and eurozone economies in the next 12 months, said Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC.
Europe’s “financial engineering” is insufficient to end its sovereign-debt crisis, Roubini said in a speech in Jakarta today. Contagion from the debt crisis has spread to some French and Belgian banks, he said. Read more.
