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Rogoff warns ‘hard landing’ in China poses biggest threat to global economy

Forget about Brexit, forget about the U.S. election and forget about the struggling oil market: The biggest risk to the global economy comes from China, where a looming credit bubble is threatening to dramatically slow economic growth, according to Ken Rogoff, the former chief economist of the International Monetary Fund.

In an interview with the BBC, Rogoff said a “hard landing” for the world’s second largest economy is imminent and there’s little other countries can do to prepare for it.

“There’s no question, China is the biggest risk. China has been the engine of global growth that’s been working,” he said in the interview, published Monday.

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