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Former Treasury Secretary Larry Summers says chance of recession next year is substantial

Por: CNN Business October 20, 2022

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New York CNN Business  —  Former US Treasury Secretary Larry Summers said on Thursday that it’s “substantially” more likely than not that the United States will enter a recession next year. Recession became “almost inevitable” once inflation rates grew above 5%, he said. On an annual basis, . But this recession will likely be relatively short and mild. he added. “I certainly don’t think it’s going to be like the [2008]... + full article



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