Former Treasury Secretary Lawrence Summers stated that there’s an growing danger the looming recession he’s anticipated will begin sooner, in 2022, and that inflation might cool because of this.
“The dangers of a 2022 recession are considerably greater than I might have judged six or 9 weeks in the past,” Summers informed Bloomberg Tv’s “Wall Avenue Week” with David Westin. “If the economic system did go into recession within the subsequent six to 9 months, you then’d most likely see a discount in inflationary pressures.”
https://www.bloomberg.com/information/articles/2022-07-01/summers-says-risk-of-2022-recession-climbing-may-damp-inflation
_______________________________________________________________________
Former US Treasury Secretary Larry Summers says there’s an growing danger the looming recession he’s anticipated will begin sooner, in 2022.
Do you agree?
You may also reply in a ballot I discovered right here: https://www.reddit.com/r/marketpredictors/feedback/vr9h0p/former_us_treasury_secretary_larry_summers_says/
