Prepare for US house prices to slump, unemployment to spike, and a recession to set in, Harvard economist Kenneth Rogoff says

Dec 16 2022 by Business Insider

 
Kenneth Rogoff.

REUTERS/Eduardo Munoz

Harvard economist Kenneth Rogoff expects a slump in US house prices and a wave of job losses. The Fed will likely have to keep interest rates higher for a while to crush inflation, he said. Rogoff expects that to hit asset prices and economic growth, making a recession a near certainty.

Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said.

The Harvard University economist issued his...

Continue Reading Prepare for US house prices to slump, unemployment to spike, and a recession to set in, Harvard economist Kenneth Rogoff says