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Former Treasury Secretary Larry Summers says it's 'more likely than not' US will enter recession

Por: CNN Business October 07, 2022

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Washington CNN  —  Former US Treasury Secretary Larry Summers said Thursday it’s “more likely than not” the US will, calling it a consequence of the “excesses the economy has been through.” “Historical experience suggests that the kind of inflation we have rarely returns to normal levels – target levels of around 2% – without some kind of recession,” Summers told CNN’s Wolf Blitzer on “The Situation Room.” “Now, I... + full article



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