Harvard economist on 'shocking' contraction of US economy in Q1



Harvard University profes sor Kenneth Rogoff, a former chief economist at the International Monetary Fund, tells ‘Mornings with Maria’ that GDP falling at a 1.4% annualized rate is ‘even below the worst’ he thought it might have been.

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

source

41 comments

  1. No doo doo here…my raise did Not offset inflation…I loose money…Thank you Cho lie den…

  2. Have you all noticed that all these "experts" on the economy and the stock market are NOT multi-millionaires? I'll take financial advices from those who have proven themselves.

  3. Any US Companies increasing chip production so we can have less dependability on Taiwan? Or even pharmaceuticals and other products, so we don’t have to depend on China so much? Well, great news for mammography anyway.

  4. All that government spending and negative growth is truly indicative of the ponzi scheme we live under

  5. The recession is coming and there's no way to avoid it. Democrats have destroyed the Economy ,,,destroyed America,, almost destroyed the people of America. Democrats are making China,,Iran richer by the day, total incompetency by fools.

  6. If you think THIS is shocking, wait a few months more.

  7. Brutal interview, completely out of touch with the world, non words

  8. Get woke and we’re all broke.

  9. AMERICA NEEDS TO BE ENERGY INDEPENDANT PAY AMERICANS DO WE WANT TOBE LIKE GERMANY BLACKMAILED

  10. Stagflation in progress

  11. C’mon man any 101 economy student could tell you when the Biden administration is trying to increase the money supply, while at the same time doing everything they can to reduce supply. The Fed needs to raise the interest rate somewhere between 1000 to 1500 bais points to stop inflation, which will shut down the economy so that it has a chance to reset.

  12. Wake up people …whenever I mention prepping to a dem they just eye roll and change the subject….

  13. All of this is by design. Who doesn't know it?!

  14. Not sure how they know that people have a lot of money from Stimulis checks 🤔 , who are these people Id like to know as most people are struggling to pay the bills and put food on the table. Just more nonsense with the media misguiding and misleading people on behalf of their own initiatives and agendas.

  15. These people are so out of touch with real people.

  16. This is all a makeup , the storm is coming this summer .

  17. Man she turned into an old lady overnight

  18. None of what happens is unexpected. The head of the snake dictates our future

  19. The intelligence demonstrated in the comment section is exponentially higher then the so called, lying experts

  20. A big backlash coming by seniors and those on fixed incomes. This kind of crap makes us votes as a big, big block.

  21. The good news is the Ruble is doing exceptionally well.😀

  22. Sob biden need to allow oil drilling, and install the keystone pipe you anti America sob!!

  23. this country sucks either republican or democrat

  24. boycott tesla, delete your twitter

  25. Preparing to step back in time 80 years.

  26. ofcouse there is a decline i do not have to be an economist, compare a receipt from 2021 to to 202 and is not 8% it is 28% please do not insult us.

  27. This is Biden's recession.

  28. It's the end of the Fiat debt currency. Prepare accordingly. Buy Gold and SILVER. They lie! New System to be introduced, but failure first.

  29. Blah, blah, blah. If you took all the economists and laid them end to end, they wouldn’t reach a conclusion.

  30. THATS A TOTAL LIE CONSUMERS DO NOT HAVE MONEY SAVED UP FROM
    STIMULIS PAYOUT !!!! ITS BEEN LONG GONE WITH HIGH COST OF EVERYTHING U FOOL !!!

  31. carter… recession…
    obama… stagnation…
    biden… worse…..

  32. Yet Russia has seen growth 🤔, having Rubbles streaming in in record numbers due to the high oil price… but now China is blamed due to lockdowns… Always blaming other's but themselves

  33. Did he say OB-Ghine?

  34. All part of the commie plan take over government

  35. This guy actually thinks ?
    People have left over stimulus money ?
    😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣
    Show me the money🤑🤑🤑🤑…

  36. I don't know why anyone is surprised by this. We all knew it was going to happen under these communists. They're following the same play book Venezuela followed. Cuba follows… Get ready for the water cannons in the street when you get hungry.

  37. As soon as I see "Harvard" in the description, I know they are getting by with their credentials, not their brainpower. His surprise on the facts shout it out loud – he's disconnected and is utterly useless.

  38. Let me see now. They shut down the economy for 2 years, Handed out money like crazy, Trashed oil production, Forced business out out of business. Killed pipe lines ect ect. Ya just shocking the economy went bad