Former US Treasury Secretary Summers: The Probability of the US Economy Entering a Recession This Year is Close to 50%

BlockBeats News, March 12th, former US Treasury Secretary Summers stated that due to a series of policy measures taken by the Trump administration undermining confidence, the possibility of the US economy falling into recession this year is almost 50%. 「We are facing a real issue of uncertainty that is hard to resolve,」 Summers said in an interview, 「It is almost certain that economic growth will be lower than expected, and the likelihood of a recession is close to 50%.」 Summers cited significant immigration restrictions, federal government layoffs, and President Trump's tariff policy as jointly damaging US competitiveness and causing a dramatic change in the outlook for the US economy. (FX678)