“Dr. Doom” Nouriel Roubini on the coming Covid-19 Depression

Nouriel Roubini has earned the nickname "Dr. Doom" for his pessimistic predictions – but he is often correct. Now, Roubini is predicting a bitter Greater Depression in the wake of the Covid-19 crisis. In this episode, featuring content from the Bloomberg Odd Lots podcast, we dive deep into Dr. Doom's predictions and ask what they may mean for South Africa. – Felicity Duncan

No one really knows how the Covid-19 crisis will end. While there are hopeful signs in many places that case counts and deaths are falling, other places continue to see exponential Covid-19 growth. One thing that is clear, however, is that the crisis has come with a devastating economic cost. Even in places that avoided full lockdowns, such as Sweden and Brazil, the economies are suffering staggering recessions. Global output is widely expected to fall this year as China, the global growth engine of the past decade, continues its fight against the coronavirus.

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