Published on Thu, Jun 17, 2010 at 10:46 | Source : CNBC-TV18
Updated at Thu, Jun 17, 2010 at 11:44
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US to avoid double dip recession: Roubini
Even though advanced economies are fighting the fear of anaemic growth and the risk of a double-dip recession aided by sluggish employment and highly indebted governments, economist Nouriel Roubini is optimistic.
Kernen: So calm in Europe that we are talking about earlier this week and last week is illusory.
Roubini: There is no calm. After a trillion dollar EU-IMF programme for two days market went up and since then everything has gone south, stock markets, credit spreads, interbank libel spreads, euro value, everything is getting worse in the Eurozone. The markets realise that these problems are not very sustainable.
