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Roubini Sees a ‘Cloudy’ Economic Growth Outlook for Argentina

Nouriel Roubini, the New York University professor who predicted the global financial crisis, said the outlook for Argentina’s economy is “cloudy” and gross domestic product is slated to decline in 2011 as the global slowdown may lead to less exports.

The country’s “loose” fiscal and monetary policies have encouraged domestic demand and led to high inflation, Roubini said today in a speech in Buenos Aires.