The Global Growth Funk

The Global Growth Funk

photo: International Monetary Fund NEW YORK – The International Monetary Fund and others have recently revised downward their forecasts for global growth – yet again. Little wonder: The world economy has few bright spots – and many that are dimming rapidly. Among advanced economies, the United States has just experienced two quarters of growth averaging 1%. […]

The Europe Question in 2016

The Europe Question in 2016

Flickr NEW YORK – At the cusp of the new year, we face a world in which geopolitical and geo-economic risks are multiplying. Most of the Middle East is ablaze, stoking speculation that a long Sunni-Shia war (like Europe’s Thirty Years’ War between Catholics and Protestants) could be at hand. China’s rise is fueling a […]

Europe’s Barbarians Inside the Gate

Europe’s Barbarians Inside the Gate

Copyright: Project Syndicate, 2015 BERLIN – I am on a two-week European tour at a time that could make one either very pessimistic or constructively optimistic about Europe’s prospects. First the bad news: Paris is somber, if not depressed, after the appalling terrorist attacks earlier this month. France’s economic growth remains anemic, the unemployed and […]

Welcome to the New EconoMonitor

Welcome to the New EconoMonitor

photo: International Monetary Fund I’m very excited about the relaunch of my Roubini EconoMonitor blog. As we begin to ramp up for a full relaunch of the Roubini EconoMonitor platform later this fall, I’ve been thinking a great deal about the content of this website and why it matters so much to me. The relaunch […]

Why Art Is an Asset Class

Davos was crowded with the usual representatives of the top 1%: CEOs, technologists, representatives from the major banks, and the occasional head of state. This year, there were discussions about the ECB's quantitative easing program, which was announced during the conference, and the Swiss National Bank's recent decision to  remove its peg on the Swiss […]

Independence Movements: Europe’s Paradox

In its early days, the Eurozone was seen as a powerful competitor to the United States for economic dominance—perhaps especially to American tourists attempting to navigate unfavorable exchange rates during the early 2000s. Real tests of strength, however, come at times of crisis. As the Eurozone stumbles out of the turmoil brought about by the […]

9 Ways the Eurozone is More Fragile than the US

My remarks proved as prophetic as I'd feared. The crisis I predicted then is still casting shockwaves through the world economy, and may do so for generations to come. At the World Economic Forum in Davos, Switzerland that year, I said that imbalances in the Eurozone would come to a climax — which might lead […]

Rise of the Machines: Downfall of the Economy?

The party was packed with the usual collection of highly polished New York media and business types. (The entertainment highlight of the night for me was a charming duet by Lady Gaga and Tony Bennett.) It was a great honor to be asked by Bloomberg and BusinessWeek to give an official toast during the event, […]

Russia: 21st Century Empire?

During the last year, the conflict in Ukraine has come perilously close to a state of full-blown though undeclared war. Looking back over the past 12 months, we’ve seen a seismic shift in the political makeup of the region. Russia has effectively annexed the Crimean Peninsula, which includes the city of Sevastopol, home of the […]

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