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Business

Larry Summers says there is a real possibility of a recession, which he calls the result of a ‘self-inflicted wound’

ByAlena Botros

Mar 12, 2025

President Donald Trump and Treasury Secretary Scott Bessent have suggested an economic downturn on the back of tariffs would be a transition period. Larry Summers, a former Treasury secretary, thinks otherwise.
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By Alena Botros

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