Raghuram Rajan
Raghuram Rajan
Raghuram Govind Rajanis an Indian economist currently serving as the 23rd Governor of the Reserve Bank of India. He was chief economist at the International Monetary Fund from 2003 to 2007, the youngest to occupy the position. He was a professor of finance at the University of Chicago Booth School of Business from 1991 to 2013, when he went on public service leave...
ProfessionEconomist
Date of Birth3 February 1963
worry
The worry is how long will this continue.
economy few last proved resilient
The world economy has proved tremendously resilient over the last few years.
building challenges fair
It would be fair to say to the world, 'You have never had it so good. But challenges are building in the background.
fair
It would be fair to say the world has never had it so good.
believe considered hurricane katrina measures
Some revenue-raising measures had to be considered after Hurricane Katrina ... but we believe some of those measures are optimistic.
benign increases oil price thus unlikely
Oil price increases are thus unlikely to be benign going forward.
affecting creeping oil producer rising seeing slowly states united
Oil is affecting inflation; it is slowly creeping up in the United States and we're seeing rising producer prices,
commodity effect oil prices
Oil and other commodity prices are going to have some effect over time.
likely oil
As a result, the oil price-induced imbalances are likely to be with us for some time.
asset concern demand dependence downside elevated excessive forecast global high housing include level number price risks thus volatile
A number of developments concern us. These include the excessive dependence of global demand on consumption, especially in the US, the elevated level of asset prices, particularly housing and the high and volatile price of oil. The downside risks to our forecast have thus increased.
commented economic emerging investment last somewhat
We have commented earlier, in the last World Economic Outlook, on the somewhat muted investment all over the world, especially in emerging markets.
clear danger higher oil present prices
Higher oil prices are a clear and present danger.
globally insure job losing net risk safety serious
In a globally competitive economy, it is very important you insure the individual, you have a safety net for the individual, because they're at serious risk of losing their job and so on.
few house increase past prices rate
House prices can't increase at the rate in which they have been going over the past few years.