Nouriel Roubini - famous for anticipating the GFC - talks here with Bloomberg TV about his views on India, China, Japan and Europe.
He is bearish on Chinese growth over the next few years. This is likely to have major ramifications for China's major trading partners, which includes Australia, Canada and Brazil.
Nouriel Roubini, the Chairman of Roubini Economics predicts India will fly whilst China hits a “bumpy” landing. Commenting on the state of the world economy Roubini says some countries like India are going to do better, while others “are going to have fragilities” like Japan, China and the Eurozone. “So I think you have to look at the world and see where things are going right, and where they are not. The next decade will be the first time in 30 years that India’s growing faster than China. Growth in China could go towards 5% in the next few years. While in India with the right reform it could go toward 7%. So for the first time ever the tortoise becomes the hare and the hare becomes the tortoise.” Roubini says his view is non-consensus and there’s no way commodities prices and equities are “pricing-in growth in China of 5.5% in the next two years.”