16.5.09

Economic Recovery Still Months Away: Roubini, Rogoff

"People talk about a bottom of the recession in June, but I see it more like six to nine months from now," Roubini said. "The green shoots everyone talks about are more like yellow weeds to me."
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"I see slow growth for the next couple of years," Roubini said, "even if there is a recovery. Large budget deficits will push out growth."
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"I think there will be a bounce in the second half of the year from the massive stimulus package," [Kenneth Rogoff, professor at Harvard University's Department of Economics] said. "But I think the longer run trend is very slow, so we're vulnerable to dipping down again sometime in the next couple of years, like Japan."

http://www.cnbc.com/id/30768521

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