The world’s developed economies are trapped at
the “stall speed” of low growth and need to have greater fiscal stimulus and
less austerity to kick-start growth, leading economist Nouriel Roubini told
Speaking at the Ambrosetti Forum on the shores of
Lake Como, near Milan, Roubini said in an interview: “We are in a worse
situation than we were in 2008. This time around we have fiscal austerity and
banks that are being cautious.”
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