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Expect stagnant U.S. economy in 2013: Roubini

From marketwatch.com

The U.S. economy could retreat into stagnation in 2013 and ultimately cast the nation into the second half of a double-dip recession, high-profile economist Nouriel Roubini said Wednesday. Speaking at the Milken Institute’s Global Conference in Beverly Hills, Calif., Roubini noted that real wages for U.S. workers are not growing and that America’s crushing debt is strangling growth. That translates into possible fiscal decay in which GDP will be “lucky” to grow 2% this year and faces the prospect of retreating into near-zero growth next year, according to Roubini. Both political parties can share blame for the ... (full story)

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