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Nouriel Roubini says an equity market drop of 10% is not "totally unlikely"
Roubini was speaking with Bloomberg TV on Friday. Says that if economic data points towards weakness and central banks keep raising rates then H2 could bring a 10% 'correction' for stock markets. a 10% correction is not "totally unlikely""With core (inflation) being still high in the U.S., UK, Europe, and central banks hiking somehow more, I would not be surprised within the second half of the year to get the 10% correction in global equity markets," On China:growth now expected to be around 3%...
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Posted: Sep 4 2023, 00:19
Author Name: forexlive
Views: 110218