Bullish on China, India: Nouriel Roubini
August 4th, 2009
Nouriel Roubini, Co-Founder and Chairman, RGE Monito, said the recession will continue through the end of the year. He added that due to financial imbalances of the economy, advanced economies, especially US, Europe and Japan, will see growth below the potential for the next couple of years.
With respect to the Asian economies, Roubini said Chinas policy actions will lead to recovery and that demand from China for commodities will also help the recovery of Asia. India, also, might observe an economic recovery given that they have better economy demand than other countries in the region,he said.