News - Middle East: Renowned US economist Nouriel Roubini has predicted a severe recession in the United States as the government tries to curb soaring inflation.

Roubini told Bloomberg on Monday that a combination of soaring inflation coupled with stagnation would lead to an economic recession in the US and elsewhere.

According to the government’s June statistics, inflation surged to a new four-decade high in the United States, as prices continue to climb at the fastest pace across many sectors of the economy.