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Key Words: U.S.-China ‘cold war’ threatens ‘global recession and financial crisis’ by 2020, says Roubini

Economist Nouriel Roubini, who earned the appellation ‘Dr. Doom’ a decade ago for his predictions of a global financial crisis sparked by the bursting of the U.S. real estate bubble, is once again warning of a dire economic outlook, this time sparked by the U.S.-China trade policy conflict.

“It’s a bit of a scary time for the global economy,” the NYU professor and head of Roubini Macro Associates told Bloomberg Television Tuesday. “There is a risk of a global recession and financial crisis by next year.”

Roubini pointed to the ongoing U.S.-China trade conflict as the likeliest trigger of the next crisis.

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