“It’s going to be a tough winter for the global economy”

For many years, Kenneth Rogoff has been one of the admonishers and warners who view the development of the global economy with great skepticism. Weakness in China, the war in Ukraine, an energy shock – and, above all, inflation that is returning with force – all of this means that the global economy is facing the “biggest crisis since the end of the Second World War,” says Rogoff.

In an interview with the Handelsblatt, the Harvard economist settled accounts with the mainstream of the economy of the past decade. So with all those who believe that high national debt hardly plays a role.