World led by U.S in a geopolitical recession if not depression, says noted economist Nouriel Roubini

Nouriel Roubini demonstrated pure class and vision during his interview at the ET World Leaders Forum, where he answered some of the toughest questions around the world economy, especially around the US. Roubini spoke to host Nilesh Shah of Kotak MF, and talked about some economic aspects, including relatable factors like the US China conflict, that is slowly shaping into a ‘cold war’ scenario.

World is currently observing gradual protectionism

According to Roubini, the world is currently in dire need of a economic security, ranging across multiple countries. He is also of the opinion that economic efficiency somehow needs to be overpowered by economic security, as this would help the world during such a situation like a geopolitical recession.

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Demographic strength now a major issue

The demographic trends need to understood critically as the strength of it is quite important in understanding the world economy, feels Roubini, while also adding that pandemics, a trend that started off since the 2020s, while increase in coming years, which would also impact the global economy. Therefore, demographics need to be studied accordingly so that the economy is sustained in the face of adversity.

How will the Presidential Elections 2024 affect the US economy?

Roubini is of the opinion that the US Presidential Election 2024 can lead to violence risks during and after the polls, and a Trump win could initiate a major inflation risk in the United States. Moreover, the results of the US Presidential polls will be able to clear the air around the economy of the country, along with the political vision of the country for the next few years.Also Read : US Presidential Elections 2024: Harris has the momentum against Trump, can she win in November?

FAQs:

Have the US Presidential Elections 2024 results been declared?
The US Presidential Elections 2024 are currently in full swing, with the polls scheduled to be held in November, followed by the results. Is US currently in recession?
According to Nouriel Roubini, a notable international economist, the entire world, along with the United States is currently in a geopolitical recession.