Economics

Nouriel Roubini Says Wall Street Euphoria Ignores Main Street Hardships

Nouriel Roubini, professor at New York University’s Stern School of Business, says markets aren’t pricing in what he sees as a dire economic outlook amid the ongoing coronavirus fallout. He speaks on “Bloomberg Surveillance.” Source: Bloomberg

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By Manas Pratap Singh

August 21, 2020 at 11:38 AM UTC

This article is for subscribers only.

The global economy faces a risk of a slow recovery or even another slump along the way unless a vaccine is found, according to Nouriel Roubini.

Speaking on Bloomberg Television on Friday, Roubini predicted that the shape of the recovery, which some predicted to be V, “is becoming a U and the U could become a W if we don’t find a vaccine and don’t have enough stimulus.”