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IMF%27s+former+chief+economist+says+Rising+interest+rates+%27threaten+global+economy%27
Thursday, 10 August 2017 - 8:35
IMF's former chief economist says Rising interest rates 'threaten global economy'
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The IMF's former chief economist has told the BBC a sudden rise in interest rates poses the greatest threat to the global economy.

Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates.

He also said the economic policies of the Trump administration posed a risk.

Previously the economist had said China was the number one threat.

Rogoff said that levels of personal and corporate debt had risen in the global economy.

 

 

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