Tuesday, May 19, 2009

Economic Recovery Still Months Away: Roubini, Rogoff

The U.S. economy isn't likely to recover for months, and even then will remain weak for a long time, two well-known economists told CNBC.

Nouriel Roubini, co-founder and chairman at RGE Monitor, also known as Dr. Doom, and Kenneth Rogoff, professor at Harvard University's Department of Economics, both said the economy still faces serious challenges.

"People talk about a bottom of the recession in June, but I see it more like six to nine months from now," Roubini said. "The green shoots everyone talks about are more like yellow weeds to me."

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http://www.cnbc.com/id/30768521