Summers Sounds the Alarm – WSJ

Harvard University economist Lawrence Summers sees economic danger ahead.

A Treasury secretary under President Clinton, an economic adviser to President Obama and a former president of Harvard, Mr. Summers doesn’t anticipate an economic nosedive. But he says he sees a nearly 50% chance of a U.S. recession before 2021. Despite healthy consumer spending and a resilient stock market, he sees threats from weakness in the U.S. industrial sector, the fragile global economy and trade tension.


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