[Nouriel Roubini] The four downside risks to global economic growth
ViewpointsFeb 22, 2012
RIO DE JANEIRO ― Since late last year, a series of positive developments has boosted investor confidence and led to a sharp rally in risky assets, starting with global equities and commodities. Macroeconomic data from the United States improved; blue-chip companies in advanced economies remained highly profitable; China and emerging markets slowed only moderately; and the risk of a disorderly default and/or exit by some members of the eurozone declined.Moreover, under its new president, Mario Dr