Browsing: prediction

A “long and ugly” global recession that might begin at the end of this year and last well into 2022 has been predicted by economist Nouriel Roubini, who is well recognised for correctly predicting the financial crisis the world experienced in 2008. He also anticipated a significant drop in the S&P 500. His warning comes in the wake of the Covid-19 outbreak and Russia’s invasion of Ukraine, along with high inflation rates in the US and all other major economies.