Unemployment to Rise Through Most of 2010: Roubini
High unemployment and a lack of stimulus for private demand by countries like Japan and Germany could slow down the world recovery, famous bear Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
"I see the unemployment rate rising through most of 2010," Roubini told CNBC.
"Not just is it going to go above 10 percent, but the risk is it's going to stay above this level and return to more normal only more gradually, and that's going to be one of the important sources of weakness for an economic recovery," he added.
