Nouriel Roubini

In 2013 a "global perfect storm" (euro debt crisis, US fiscal tightening, China hard landing, emerging-market slowdown) will hit the world economy.

“Next year is the time when the can becomes too big to kick it down (the road)... then we have a global perfect storm,”

Said on

18 July 2012 · Reuters TV interview, July 2012

Source

Dr. Doom sticks to 2013 'perfect storm' prediction · Daily FT (Reuters)

Should come true

2013

How sure they sounded

then we have

Categories

Economy

Importance

4 of 5 · Forecast of a synchronized global economic crisis.

Outcome

Inaccurate

No global perfect storm hit in 2013: world GDP grew about 2.8-3.3%, the euro area emerged from recession in Q2 2013, and China grew about 7.8%. The US fiscal sequester slowed but did not stop growth.

Evidence:

• https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=1W
• https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN