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The Independent UK
The Independent UK
National
Bevan Hurley

Former Treasury secretary warns recession is ‘more likely than not’ in next two years

Larry Summers Recession Janet Yellen
CNN/State of the Union

Former Treasury Secretary Larry Summers believes the US economy is at risk of entering a recession in the next year.

Mr Summers told CNN State of the Union co-anchor Dana Bash that he disputed current Treasury Secretary Janet Yellen’s assessment that there was “nothing to suggest a recession is in the works”.

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