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Article updated: 9/7/2012 11:43 AM

Experts warn of ‘perfect storm’ for global economy

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Economist Nouriel Roubini speaks during a meeting on the world economy in Cernobbio, Italy, Friday, Sept. 7, 2012. Experts and leaders gathered in Italy to discuss the global financial crisis.

Associated Press

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Experts and leaders gathered in Italy may disagree on the cure, but the malady seems clear: the world economy faces a "perfect storm" of risks that include prolonged crisis in a structurally flawed Europe, political paralysis pushing America off a "fiscal cliff," a slowdown in the emerging economies drying up the last of global growth, and the spectacularly destabilizing prospect of war over Iran's nuclear program.