“Dr Doom” Roubini expects a ‘long, ugly’ recession and stocks sinking 40%
Roubini expects the US and global recession to last all of 2023, depending on how severe the supply shocks and financial distress will be. During the 2008 crisis, households and banks took the hardest hits. This time around, he said corporations, and shadow banks, such as hedge funds, private equity and credit funds.
