Larry Summers: Economy Faces 1 In 3 Chance Of Recession
With U.S. stocks off to a dismal start in 2016 and China’s economic growth slowing, Here & Now‘s Jeremy Hobson checks in with Harvard economist Larry Summers. Summers says there’s a 1 in 3 chance the U.S. is heading for a recession. He also says he’s supporting Hillary Clinton for the presidency.
- Lawrence Summers, economist and professor at Harvard University. He was secretary of the U.S. Treasury under President Bill Clinton from 1999 to 2001 and president of Harvard from 2001 to 2006. He tweets @LHSummers.