The US and China are on a collision course that's set to worsen a "geopolitical depression," Nouriel Roubini said. AdvertisementUS-China relations are on a slow-motion collision course – and it's set to worsen a "geopolitical depression" that threatens huge economic and financial consequences, according to "Dr. Doom" economist Nouriel Roubini. Roubini, who is known for his doomsday economic predictions, sounded off on US-China tensions and pointed to the growing risk of conflict. "Fragmentation and decoupling are becoming the new normal, the two countries remain on a collision course, and a dangerous deepening of the ongoing 'geopolitical depression' is all but inevitable." In a column in February, Roubini warned the world has entered a geopolitical depression that will have far-reaching economic and financial consequences.

Source: Economic Times May 04, 2023 18:47 UTC