Economist Roubini sees double dip recession

PARIS (Reuters) - There is a risk that advanced economies will suffer a double dip recession, leading economist Nouriel Roubini said on Monday.

Roubini, who rose to prominence for predicting the global credit crisis, said he saw more signs of "yellow weeds" than the green shoots of economic recovery.

"I see there is a risk of a relapse, or of a double dip recession," Roubini, who heads economics research firm RGE Global Monitor, told a conference on long-term investment.

"The recession is not going to be over today. It's going to last another 6 to 9 months."

He said oil prices had risen too fast and were out of line with fundamentals. Growing budget deficits would also increase pressure on central banks, leading to a rise in interest rates, he added.

"You see the worry of a double whammy, that by next year oil is towards a hundred (U.S. dollars per barrel), the budget deficits are not controlled ... that could tip the global economy into another kind of relapse."

(Reporting by Anna Willard; Editing by Ruth Pitchford)