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ABC News
ABC News
Business
The Business presenter Alicia Barry and business reporter Michael Janda

Nouriel Roubini warns of stagflation crisis as interest rate surge sinks economy, not inflation

Nouriel Roubini warns of a "perfect storm of recession, stagflation and debt" ahead.

The man dubbed "Dr Doom", US-based economist Nouriel Roubini, is warning that the world is facing a "perfect storm" of high inflation, rising interest rates and recession that will be "the worst of all worlds for workers".

Employees in Australia may already feel some appreciation for Dr Roubini's argument.

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