Rogoff: Rising interest rates ‘threaten global economy’

BBCNews/08-09-17

Talking to the BBC’s World at One Mr Rogoff said that levels of personal and corporate debt had risen in the global economy.

This was while interest rates had been held at historic lows in many countries, to encourage investors to borrow and spend after the financial crisis.

“If something was to happen that pushes interest rates up, we could see a lot of soft spots – places where there is high debt – start to unravel,” Mr Rogoff said.

He also said that the economic policies of the White House were creating uncertainty, without naming specific policies.

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