Central Banks to ‘Blink’ to Avoid Crash, Roubini Says

(Financial Review) - Economist Nouriel Roubini says central banks will be forced to “wimp out and blink on inflation” to avoid causing economic and financial crashes.

Professor Roubini, a guest speaker at The Australian Financial Review Business Summit on Tuesday, said in a pre-interview that the world was facing a “debt trap” of more than $US300 trillion ($443 trillion) among the public and private sectors.

By John Kehoe - Economics Editor
March 6, 2023