From interest rates to China's slowdown, these are the issues that will make 2024 another 'rocky year,' Harvard economist says

• 2024 is set to be another tumultuous year, Harvard economist Kenneth Rogoff wrote in Project Syndicate.
• High interest rates will become a global norm, driven by factors such as excessive debt and deglobalization.
• Meanwhile, investors can expect developments in China and Japan to remain key concerns through 2024.

Economies around the world managed to avoid most of the economic traps laid out through 2023, with the US circumventing a recession and developing markets forestalling a debt crisis, Kenneth Rogoff — an economics professor at Harvard University — wrote for Project Syndicate.

But although the worst-case scenarios have been avoided to date, 2023 started a tumultuous trend that may extend into the new year.