Chances of a normal recession is higher than another deep systemic crisis: Kenneth Rogoff

‘US is doing really well, productivity I think will pick up but if you look at the world China seems to be slowing down more than what the official number shows’ ‘No one knows if some of these loans which is called the shadow banking sector going to the corporate debt—will that boomerang into banks’ balance sheets’


Kenneth Rogoff, professor of economics and public policy at Harvard University says the likelihood of a normal recession now appears higher than that of a systemic crisis. Rogoff, who authored The Curse of Cash, says the US may not be sufficiently...

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