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Project Syndicate: Risks of global recession grow as Trump and Xi refuse to blink, Roubini says

NEW YORK (Project Syndicate) — Last summer, my colleague Brunello Rosa and I identified 10 potential downside risks that could trigger a U.S. and global recession in 2020. Nine of them are still in play today.

Across the advanced economies, monetary and fiscal policy makers lack the tools needed to respond to another major downturn and financial crisis. Worse, while the world no longer needs to worry about a hawkish Federal Reserve strangling growth, it now has an even bigger problem on its hands.

Need to Know:A ‘shock to markets around the world’ could trigger next financial crisis, says Roubini

Many involve the United States.

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