Consider the following revised title: Larry Summers' forecast on when the US may experience a recession.
Former Treasury Secretary Larry Summers tells CNN's Wolf Blitzer why he believes it's "more likely than not" the US will face a recession and when he thinks it will happen. #CNN #News... ( read more )
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Larry Summers, the former United States Treasury Secretary and renowned economist, recently made headlines when he predicted that the US will enter a recession in the near future. This prediction has caused many to speculate on the likelihood and timing of such an event and its potential consequences for the global economy. Summers' prediction is based on several factors. One is the ongoing trade war between the US and China, which has caused economic uncertainty and disrupted supply chains. Another is the slowing of global growth, particularly in Europe and China. Summers believes that these f...