Economy

The 'Dr.Doom' economist lays out 3 reasons why the coronavirus-induced US recession could become a 'Greater Depression'

Posted On: Mar 28, 2020   |   Posted By: Business Insider

The 'Dr.Doom' economist lays out 3 reasons why the coronavirus-induced US recession could become a 'Greater Depression'

The "Dr. Doom" economist Nouriel Roubini talked about the economic impacts of the coronavirus pandemic on a call with Influence for Good this week.
On the call, he laid out three things that he sees tipping the coronavirus-induced recession into a "Greater Depression" than the one seen in the 1930s.
Here are the three risks that he sees to the US and global economy going forward.
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Nouriel Roubini, nick-named the Dr. Doom economist for his pessimistic views, has consistently warned t hat the coronavirus could lead to a "Greater Depression" in the US , pushing past the base-case assumption of economists that a recession will hit or is already underway.
But for that to happen, Roubini sees three main things that would need to unfold first. He outlined these events on a call this week with Influence for Good , where he spoke about the effects of COVID-19 on the economy and what he sees for the future.
This "trifecta" or "Bermuda triangle" of events is what...

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