Forex Headlines: World Economic Forum Warns of US Recession
According to a group of economists from the World Economic Forum the US is in for a long period of recession. Nouriel Roubini a New York economist thought that the mortgage crisis in the US would soon start to spread to the consumer and indeed company loans.
Noubini had already predicted problems for tge US housing market over a year ago and indeed the effects this would have on the credit markets.
The world economic forum also predicted that China would be effected by the crisis and indeed India too.