US, Europe Heading for Recession Amid ‘Perfect Storm,’ Economist Nouriel Roubini Warns

Nouriel Roubini, professor at New York University, speaks during the 2022 Concordia Annual Summit in New York, on Sept. 21, 2022. John Lamparski/Getty Images for Concordia Summit

America, Europe, and other advanced economies will likely have a recession this year amid soaring inflation, according to renowned economist Nouriel Roubini.

Roubini issued the warning during an interview with Australia’s ABC on Mar. 2, noting that the latest economic data coming from the United States, Europe, and other advanced economies show that inflation now is quite “sticky.”