Roubini Fears Hard Landing Amid Persistent Global Inflation
- Geopolitical factors will add to high inflation, Roubini says
- The RBA is expected to lift rates by 25 basis points Tuesday
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Economist Nouriel Roubini warned that the global economy is at risk of a “hard landing” due to central bank efforts to gain control over persistently high inflation in advanced economies.
Central banks will have to raise interest rates much higher than originally expected to bring inflation back down to targets, Roubini said Tuesday at a business summit held by the Australian Financial Review.