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

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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, prices rose by 8.2% in September.
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October 21, 2022 at 03:27AM
#usa #unitedstates #unitedstatesofamerica #america #us #u_s

Published by Sarah Seearchett

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