One of the world’s most well-known economists recently gave his two cents on Latin America’s economy.New York University professor Nouriel Roubini has been given the nickname “Dr. Doom” since he was one of the few analysts to accurately predict the current global financial meltdown. His nickname is well-earned as evidenced at a seminar hosted by the Chilean government in New York last week.
At the conference, Roubini said that the U.S. economy is no longer in “free fall” and could recover soon. "There is light at the end of the tunnel, there is a bottoming out of the U.S. and of the global economy," he said though he issued a statement afterwards claiming that the U.S. could continue in recession for the rest of 2009.
In terms of the Americas, Roubini claimed that the outlook for Latin America may not be so bad:
Major emerging powers such as China, India and Brazil are among nations that may recover fastest once the global economy picks up, Roubini told reporters at the conference. He also mentioned Chile, Uruguay, Colombia and Peru as countries better- positioned to grow.Image- BBC News
Countries facing the biggest challenges include emerging markets in Eastern Europe, such as Hungary, Bulgaria and Ukraine, he said.
Online Sources- Times Online, Wall Street Journal, Reuters, Bloomberg
No comments:
Post a Comment