Photo: Oliver Quillia for CNBC Nouriel Roubini |
At best, the US economy is headed for a U-shaped recovery this year, Roubini said. That has been his prediction in recent months.
The US faces challenges in the second half, especially as fiscal stimulus measures fade, and "appears far too close to the tipping point of a double-dip recession," he said.
The euro zone is also facing an increased risk of a double-dip fall, because of its ongoing debt crisis, he wrote.
Even if the euro zone does not suffer a double dip, growth in demand will be even more limited and this will hurt the United States' potential for export growth, according to Roubini's paper. Read more
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