Wednesday, July 25, 2012

Global economic slowdown to continue?; Nouriel Roubini

CNBC reported earlier this month on the predictions of Nouriel Roubini for a worsening economic slowdown worldwide. The factors contributing to this slowdown include a slowing Chinese economy (resulting in slower commodity purchases worldwide). 

Last week, he told CNBC that there is “virtually zero chance” that pump-priming by central banks will succeed, suggesting that policymakers should instead let the economic bust work itself through the system.

This prediction if true, would indicate that real estate prices would continue to stagnate both locally and nationwide.

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