Economist: Growing Hope of Soft Landing Likely Misplaced Amid High Debt, Inflation and Global Risks
• Growing hope for a soft economic landing in 2023 is likely misplaced, says Harvard economist Ken Rogoff
• The economy is set to "land in an earthquake zone" in 2024 amid high debt, inflation, and interest rates
• China already faces an economic slowdown and rising risk of a debt-deflation spiral
• Europe poised for weak growth due to Ukraine war costs and potential US-EU trade tensions
• The Fed and US government face tough balancing act between controlling debt, deficits, inflation and recession risk