Is the world's economy heading towards a decade of depression? | The Bottom Line
Economist Nouriel Roubini is known as Dr Doom for predicting the global financial crisis of 2008 years before it happened.
Today Roubini sees a confluence of factors that could lead to a decade of instability around the world, as companies are forced to spend less on labour costs, and people get stuck in the "gig economy", without formal employment or benefits.
Roubini said that rising stock market indices are not necessarily a good sign for the economy at large; rather, "What's good for Wall Street is bad for Main Street".
Watch the full interview with The Bottom Line's Steve Clemons.
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Видео Is the world's economy heading towards a decade of depression? | The Bottom Line канала Al Jazeera English
Today Roubini sees a confluence of factors that could lead to a decade of instability around the world, as companies are forced to spend less on labour costs, and people get stuck in the "gig economy", without formal employment or benefits.
Roubini said that rising stock market indices are not necessarily a good sign for the economy at large; rather, "What's good for Wall Street is bad for Main Street".
Watch the full interview with The Bottom Line's Steve Clemons.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
Видео Is the world's economy heading towards a decade of depression? | The Bottom Line канала Al Jazeera English
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