Double Dip Recession Bad News for Coral Gables Government

A leading economist indicates possible U shaped rebound from recession. If this were the case property values and business in Coral Gables will suffer a period of stagnation in revenues, asset values and tax revenues for the City of Coral Gables.

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

About Stephen E. McGaughey
Resident of the City of Coral Gables

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