Former Treasury Secretary Larry Summers says he doesn’t think the U.S. is in recession now, but says there’s a 75% chance the economy tips into recession in the next 18 months.
“I don’t think we’re in a recession,” Summers told Yahoo Finance in an interview. “[But] given the difficulties associated with high inflation and bringing it down, the necessary monetary policy response, the odds that the economy will go into recession within the next 18 months are quite serious, and…
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