'Dr Doom' Nouriel Roubini’s firm warns of 20% Australian dollar slump

By Mark Mulligan
Updated September 24 2014 - 12:13am, first published September 22 2014 - 6:04pm
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt
The Australian dollar is headed for further falls, according to Roubini Global Economics. Photo: Glenn Hunt

The slowdown in China and a tighter federal budget will pull Australia's growth down to as low as 2 per cent next year, prompting interest rate cuts and a 20 per cent slump in the value of the Australian dollar, a prestigious global forecaster says.