CNBC: Economist Nouriel Roubini Sees Trade War Tipping Global Economy Into a Recession

July 02, 2019

Article by Yun Li in CNBC financial

The rivalry between the U.S. and China could be so disruptive that it’s starting to decouple the global economy and eventually causing a recession, according to Nouriel Roubini, the economist famously called the housing bubble.

“The consequences of this trade and tech war and cold war, are the beginning of de-globalizaion ... and the decoupling of the global economy. We’ll have to redo the global tech supply chain. And eventually by next year, if this escalates, it will be a global recession,” said the head of Roubini Macro Associates in an interview with Bloomberg TV on Tuesday.

“It has already been in the data — the collapse of CAPEX. And once the CAPEX is down, then the industrial production is down and the employment is down, and you have the beginning of a global recession that starts in tech, then in manufacturing, then in industry and then goes to services,” he said.

To read this article in CNBC in its entirety, click here.

Find out how Gold can bolster your portfolio!

Gold Kit

Complete this form to get more information and to receive a FREE Gold Kit.

or Call Now 800-576-9355
We respect your Privacy