Worst Is yet to Come in Us Warns Rogoff

The ScotsmanAugust 20, 2008

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Summary


ONE of the US's giant banks is set to fail within the next few months, a former International Monetary Fund chief economist predicted yesterday.

Kenneth Rogoff, who is an economics professor at Harvard University, also warned that the worst of the global financial crisis has yet to come.

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Worst Is yet to Come in Us Warns Rogoff

Rogoff told a conference in Singapore: "The US is not out of the woods. I think the financial crisis is at the halfwa...

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