The world’s developed economies are trapped at the “stall speed” of low growth and need to
have greater fiscal stimulus and less austerity to kick-start growth, leading economist Nouriel Roubini told CNBC Friday.
Speaking at the Ambrosetti Forum on the shores of Lake Como, near Milan, Roubini said in an
interview: “We are in a worse situation than we were in 2008. This time around we have fiscal austerity and banks that are being cautious.”