Nouriel Roubini, special guest of Financial Forum 2010

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Famous US economist Nouriel Roubini, also known as Dr. Doom for his accuracy in estimating the magnitude of the ongoing global financial crisis, will be in Romania May 24-26, to attend as special guest the 7th edition of the Central & South-East European Financial Forum, the most prestigious financial convention in Romania, organised by Forum Invest in cooperation with the National Bank of Romania (BNR).

Roubini is a professor of economics at the Stern School of Business, the New York University and Chairman of Roubini Global Economics, a think tank specialising in economic trend analysis. Roubini has worked with the International Monetary Fund, the US Federal Reserve, the World Bank and Bank of Israel. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers.

Roubini is known as the man who predicted the ongoing financial crisis. Fortune magazine wrote back in 2008 that in 2005 Roubini said home prices were riding a speculative wave that would soon sink the economy. ‘Back then the professor was called a Cassandra. Now he’s a sage,’ the magazine said. Roubini’s visit to Romania is part of the ‘World Leaders in Bucharest’ programme started by Forum Invest in 2003.

Under this initiative, world’s contemporary leaders have come to Bucharest for first-hand contacts with Romanian politicians and business executives. Among the world’s great visionaries having come to Romania on a Forum Invest invitation are Nobel Prize Laureate in Economics Joseph Stiglitz; former German Chancellor Gerhard Schroeder; former German Deputy Chancellor Joschka Fischer; former Poland President Lech Walesa; coordinator of the Stability Pact for South-East Europe Erhard Busek, as well as Nobel Prize laureates in physiology or medicine, economics and chemistry.

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