Roubini lives up to ‘Dr Doom’ alias with global recession call

Doomsayer: Roubini expects a recessionary shock to materialise next year. — Bloomberg

HONG KONG: The US-China trade war and a spike in oil prices from geopolitical tensions have the potential to push the world into recession next year, according to renowned doomsayer Nouriel Roubini.

“It’s a scary time for the global economy,” the head of Roubini Macro Associates, sometimes known as “Dr Doom,” said in an interview with Bloomberg TV. He said he expects a recessionary shock to materialise next year.