Economy

Larry Summers predicts 70% chance recession begins this year

By Ryan King
Published April 16, 2023 1:00pm ET
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Larry Summers predicts 70% chance recession begins this year
According to a new study co-authored by Larry Summers, large banks are no safer today than they were before the financial crisis. (David Paul Morris/Bloomberg) | David Paul Morris

A recession is likely right around the corner, according to a top economist who predicted a burst of inflation would follow the pandemic.

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Inflation Larry Summers Recession