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Double dip recession if oil hits $140: Nouriel Roubini

Posted on: March 10th 2011 in Press Releases.

CANNES(FRANCE): Nouriel Roubini , the economist who correctly predicted the global financial crisis, warned on Thursday that some advanced economies could experience a double dip recession if the price of oil climbs to $140 a barrel. “It the turmoil in the Middle East becomes much …

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