James Pethokoukis

Politics and policy from inside Washington

Roubini: More pain to come

May 28, 2009

Nouriel Roubini paints a gloomy picture of the economy ahead:

“I still expect that economic growth in the U.S. is going to be negative through Q4, and that we’ll see positive growth in Q1,” Roubini told Reuters in an interview on the sidelines of the Seoul Digital Forum.

“The U.S. recession is going to be U-shaped, lasting roughly 24 months,” he added. “Compared to the current consensus that says we are practically at the end of the recession … my view is: no, it’s going to last another six to nine months before it’s over.”

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