Economist who predicted the 2008 crisis
Team Udayavani, Sep 24, 2022, 6:35 AM IST
London: Iran-based economist Noriel Roubini, who made a clear prediction about the global recession in 2008, has given another shock to the world.
Roubini said that by the end of this year, the world, including the United States, will face a worse and longer financial crisis than the previous one.
He has also predicted that this recession will last the whole year of 2023.
In the general financial crisis, the American stock market will see a decline of 30%. Noriel Roubini, head of Roubini Macro Associates, said it is likely to fall by 40 percent during the current year’s recession.
Roubini’s prediction that there will be a global recession by 2008 was 100 percent true. Hence he got the name “Doctor Doom”.