Authors:

  • Kenneth Rogoff

Excerpt

Expect worst recession in 150 years, says former IMF chief economist. Kenneth Rogoff, March 27, 2020, Video, "As the number of coronavirus cases crosses 465,000 with over 21,000 deaths, economists worldwide are talking about a serious downturn with more financial pain in the days ahead. On Thursday, G20 leaders pledged to infuse $5 trillion into the global economy and do whatever it takes to mitigate the economic and social impact of the COVID19 pandemic. The US has come up with a $2.1 trillion emergency aid bill and India too has announced a Rs 5.4 lakh crore stimulus." Link