Venerdì, 19 Ottobre 2018
MILAN

Nouriel Roubini praises Obama victory

English
© ANSA

Milan, November 7 - Renowned American economist
Nouriel Roubini haled the re-election of President Barack Obama
as "positive for the United States and the rest of the world".
Speaking at the World Business Forum Milan, Roubini said
Obama would be able to strike a balance between the public and
private sectors, something that is fundamental for "a successful
economy, which must anchor itself to private businesses, but
having the guarantee of public services from the State is
fundamental".
Roubini, an Iranian Jew born in Turkey and raised in Italy,
is known for accurately predicting the collapse of the American
housing market in 2008 and the subsequent global economic
slowdown.
A professor at New York University's Stern School of
Business and chairman of an influential consultancy firm,
Roubini said his biggest fear was that the American congress
would be gridlocked after Democrats reclaimed the Senate and
Republicans held the House in elections Tuesday.
The American political system, he said, "marked by
Democratic and Republican divisions, may not be able to tackle
the key issues of the future.
"If the two parties don't find agreement, things could get
worse and there could be a downgrade".

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