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Roubini: Zero growth but no double-dip for Europe



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He's a lot more optimistic than I am but I hope that he's right about the double-dip. Looking out a few months he is seeing tough times towards the end of the year for the global economy.

Euro zone growth in 2010 could be "closer to zero" after a volatile second quarter threatens to dash previous estimates of 1 percent, U.S. economist Nouriel Roubini said on Sunday.

The currency bloc does not face a double-dip recession, however, despite deteriorating financial-market confidence over economic growth in an age of fiscal austerity, Roubini told a
conference in Aix-en-Provence.

"Given the shocks of the last few month s... by year-end, euro zone growth could be closer to zero percent," said Roubini, who has been nicknamed "Doctor Doom" for his pessimistic forecasts.


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