Nouriel Roubini, one of the few economists to accurately predict the scale of the current economic crisis, called for Beijing to tighten monetary policy "sooner rather than later," Reuters reported. In a speech to the Asian Financial Forum, Roubini said that the Chinese economy is overheating in certain areas and therefore supported the government’s moves to tighten monetary and credit policies. He pointed to asset bubbles in commodities, real estate and equities as possible obstacles to continued economic growth. Last week Roubini also predicted that the US economy would remain weak this year, and that US economic growth would likely slow in the second half of 2010.
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