Authors:

  • Kenneth Rogoff

Excerpt

Rogoff: Much higher chance of hard landing in China. Kenneth Rogoff, August 26, 2015, Video, "Harvard economist Ken Rogoff said Wednesday the chances of a sharp drop in growth in China have become more likely, but it's hard to tell how sick the economy is due to lack of transparency. 'We're definitely seeing a slowdown. There's definitely a much higher chance that it goes for the worst, that we have a hard landing' he told CNBC's "Squawk Box. 'But it's a cloud, exactly whats going on.' What is also uncertain is how much of a cushion China has, he added..." Link