The Great Recession Still Has Not Reached China, But It Will.

Posted: June 13, 2011 in News

SINGAPORE (Reuters) – China faces a “meaningful probability” of a hard economic landing and the euro zone is storing up problems for the future by not tackling the debt crisis head on, said Nouriel Roubini, the economist who predicted the global financial crisis. [\”Meaningful probability\” of a China hard landing: Roubini]

> “There is a meaningful probability of a hard landing in China after 2013,” he told a financial conference in Singapore.

> Other risks to the global economy include the debt problem in Europe’s so-called periphery countries and the euro zone’s reluctance to address issues head on.


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