http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLMEUObhysc

Roubini Calls U.S. Growth Dismal and Poor, Predicts Slowing
By Simon Kennedy and Erik Schatzker

Jan. 30 (Bloomberg) -- New York University Professor Nouriel Roubini, who
anticipated the financial crisis, called the fourth quarter surge in U.S.
economic growth very dismal and poor because it relied on temporary factors.

Roubini said more than half of the 5.7 percent expansion reported yesterday by
the government was related to a replenishing of inventories and that
consumption depended on monetary and fiscal stimulus. As these forces ebb,
growth will slow to just 1.5 percent in the second half of 2010, he said.

The headline number will look large and big, but actually when you dissect it,
its very dismal and poor, Roubini told Bloomberg Television in an interview at
the World Economic Forums annual meeting in Davos, Switzerland. I think we are
in trouble.

Roubini said while the worlds largest economy wont relapse into recession,
unemployment will rise from the current 10 percent, posing social and political
challenges.

Its going to feel like a recession even if technically were not going to be in
a recession, he said.

To contact the reporter on this story: Simon Kennedy in Davos at
skennedy4{at}bloomberg.net

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