In the second half of this year, the global stock market could crash by 10 percent. About this agency Bloomberg New York University economics professor Nouriel Roubini, who previously predicted the 2008 crisis, said:
Roubini expects global stocks to fall 10% if the economy weakens.
According to the professor, a 10 percent drop in stocks is highly unlikely. He also predicted high inflation in the USA, Europe and the UK.
According to the expert, while the recession in the global economy is in danger of causing a “hard landing”, the increasing growth of the markets, on the contrary, will lead to a correction in the second half of 2023.
Roubini in April declarationThat the US is heading towards a credit crunch and a recession in the economy. According to him, the problem lies with regional small banks that offer mortgages and business loans. Against the background of the collapse of the Silicon Valley Bank, these banks will complicate the lending process, so the crisis will begin. Roubini repeatedly made various predictions of an economic nature; He predicted that the market would crash at least five times in the last six months.
world stock markets loss It will reach $30 trillion in 2022.