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The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.
"The U.S. is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say 'the worst is to come'," he told a financial conference.
Member Submitted News
Israel-Gaza conflict: Families search for a place of safety from the violence, but the frontline is everywhere in GazaUKSecrets
MH17: Rebels likely shot down plane 'by mistake' – live updates US says ‘no evidence of Russia’s direct involvement’UKSecrets
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