So says Nouriel Roubini. Putting that into my quantum mechanifier that suggests the BOE won’t raise until Q3/Q4 2015
- US and Canadian growth will be above 2% in 2014
- Less risk of hard landing in China but still worrying. Sees growth slowing to 6.5% 2015, 6% 2016
- Risk of disinflation becoming more serious on euro zone
- ECB could move to negative rates this year and could adopt Fed style QE by year end
- EU growth will be below 2% in 2014
- Sees signs of housing bubbles in countries like US and Canada
- Canada due for housing correction
- Ukraine could have debt restructure without western aid
He’s speaking at the Economic club of Canada
