Nouriel Roubini, professor of the famous Stern College of Business, of the University of New York, born in Istanbul and naturalized American, in an article published in Expansion.com, forecasts for 2012 a weak and year loaded with uncertainties due to the debt crisis in Eurozone countries, China’s deceleration and the slow growth in the U.S. economy, among other macroeconomic variables in the global scope.

He also cites the case of the Latin America relations with China in its sales of raw materials which would undergo a decrease of certain consideration, and that the political turbulences which are occurring in the Middle East, constitute facts of concern on any increase that could be produced in the oil prices.

Roubini, once nicknamed doctor Disaster, in his analysis comments on the situation in the United States as far as the problems derived from the tax burden, the de-leveraging in homes from the stagnant income, the lack of jobs, the fall in real estate, the inequality and political standoff between Democrats and Republicans.

Despite these predicaments from Roubini, the signs of evident recovery and a gradual reduction in the unemployment rate in the U.S. economy are already being seen.

As to China he also worries that the fall in real estate and a fall of its net exports faced a reduction in external demand. With Japan he sees its reluctance in thrusting the economic, fiscal and financial reforms as a result of the problems derived from the earthquake last year.

The economist warns that to adjust and bring order to these economies, for those undergoing an excess of spending and trade deficits, suggests a depreciation of their nominal currency and as well as for those with surplus, to strengthen the internal demand through increased consumption..

The Dominican economy, and it’s not Roubini’s opinion, despite  having an open one and vulnerable to external shocks, its economic growth estimates continue being positive, and a one digit estimated inflation for this year

Nonetheless, to maintain growth and a lasting sustainable development and with fairness, in the near future the Dominican economy could require sectorial adjustments on taxes, to continue strengthening the monetary stability and continue focusing wide reaching public and social policies to reduce poverty, to mention some connected aspects thus far.

TRANSLATION BY DT