Roubini: Economic Recovery is Going to Be Ugly
Nouriel Roubini, the economist whose dire forecasts earned him the nickname "Doctor Doom", told CNBC that the economic recovery is going to be "very ugly."
"The recovery is going to be subpar," Roubini said. "I see a one percent growth in the economy in the next few years. There will also be 11 percent unemployment next year and the recovery is going to be slow. It's going to feel like a recession even when it ends."
Posted on July 20, 2009
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