Dec. 12 (Bloomberg) -- New York University Professor Nouriel Roubini, who predicted the global financial crisis, said shares worldwide may fall further.

“I’m still quite bearish on U.S. and global equities,” he said in an interview with Bloomberg television today. “They’ve fallen a lot, but they might surprise on the downside. U.S. and global equities could be 15 to 20 percent lower before they start to recover towards the end of next year.”

To contact the reporters on this story: Brian Swint in London at bswint@bloomberg.net; Mark Barton in London at Barton1@bloomberg.net.

Last Updated: December 12, 2008 11:12 EST