Skip to content
Subscriber Only
Business
Economics

Roubini Says Japan Earthquake Is ‘Worst Thing’ at Worst Time

Nouriel Roubini, the economist who predicted the global financial crisis, said the earthquake in Japan comes at the “worst time” as the country struggles to lower its budget deficit.

“This is certainly the worst thing that can happen in Japan at the worst time,” Roubini told Maryam Nemazee on Bloomberg Television’s “Countdown” in London today. “There will be fiscal stimulus to reconstruct but Japan already has a budget deficit of close to 10 percent of” gross domestic product and an aging population.