“We will face very serious problems in most of the world.
This time we are in for a protracted recession, and we will not see a light for a long time.
It will be bad, ”Rogers said in an interview with RIA Novosti.
He also expressed concern that the crisis could last two, three or four years.
Earlier, IMF Managing Director Kristalina Georgieva said that, according to the fund, it will be increasingly difficult to avoid a recession in the United States.
US Secretary of Commerce Gina Raimondo admitted the risks of further slowdown in the US economy.