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Friday, March 29, 2024

There’s a 70% chance of a US recession thanks to the Fed’s fight against inflation and risks of a credit crunch, says Larry Summers

Former Treasury Secretary Larry Summers has warned there’s a 70% chance the US economy will slip into recession. In an interview with Foreign Policy’s Ravi Agrawal, the former Harvard University president discussed a range of topics, including the global economic outlook, the dollar’s strength, and …

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