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Roubini on mega-threats for the world economy
20th January 2023
Nouriel Roubini - aka Dr Doom - has never knowingly been overly optimistic; at least he's consistent here, arguing that the super-elite at Davos seem to be blind to the extent of the mega-threats facing the global economy.
He thinks that we are "facing not only the worst of the 1970s (repeated negative aggregate supply shocks), but also the worst of the 2007-08 period (dangerously high debt ratios) and the worst of the 1930s, with the rollback of globalisation and the threats that this poses to international stability.
Is he right? You might argue that he only has to be right once...
.@Nouriel thinks the @wef is right to warn of “a unique, uncertain and turbulent decade to come.” Not since the twentieth-century interwar period has the world faced such a host of economic and geopolitical risks. https://t.co/CbVn1a7iN7
— Project Syndicate (@ProSyn) January 20, 2023
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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