Surveillance: Megathreats with Roubini
Bloomberg Surveillance
00:00
Is the Recession Foretold?
In our estimates, if we go to 5%, as now we assume for early next year, this is a world where we're going to see a very significant slowdown of activity. It's 3 million jobs that would need to be lost in that context. In the world where 5% is sustained, and I think in the world like this, the financial system leverages as it is, we'll start to see some response. We don't think we can go much further than that.
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