Roubini: Emerging Markets to Overtake U.S.

Wednesday, 07 Apr 2010 09:50 AM
By: Forrest Jones

Emerging markets such as India and China will eventually manage economies that are larger than the United States within a few decades, says New York University economist Nouriel Roubini.

Industrialized economies such as those in the United States, Europe and Japan are facing deflationary pressures, and emerging-market countries such as India and China are still not large enough to lead global growth.

But that will change.

“The size of the emerging markets is going to become larger and larger, and it’s going to become greater than the GDP of the United States,â€