Dr. Doom, Roubini, likes Korean economy
May 29, 2009
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Nouriel Roubini, Dr. Doom himself, has found an economy even he can love: South Korea.
That might sound surprising for a nation in the news for the wrong reasons. North Korea’s nuclear test, the suicide of former President Roh Moo Hyun and stock-market-bubble worries are making for some very ugly headlines this week. Getting Roubini’s seal of approval has been a rare and welcome news- cycle counterpoint.
Recent Korean data “suggest there is the beginning of an economic recovery, and growth might be already positive in the second quarter,” Roubini said at a May 27 conference in Seoul.
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