Nouriel Roubini says many of the risks to the global economy have abated and things are looking up.
Thanks to bold moves by the world’s central banks, global economic growth this year should be closer to 2% rather than the “anemic” 1% of the past few years, Roubini said at an event hosted by Aberdeen Asset Management in New York.
But — and there’s always a but — Roubini has a list of six things he believes could derail the economic recovery. It’s worth remembering that Roubini correctly predicted the housing crisis and ensuing financial crash in 2008.
1. China headed for a bumpy landing.
2. The Fed moves too fast.
3. The Fed moves too slowly.
4. Emerging markets face new headwinds.
5. The Ukraine-Russia conflict escalates.
6. The rise of China.