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Summers Warns US Is Likely Heading for a Recession

DeFi Daily News by DeFi Daily News
April 8, 2025
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Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, and two million jobs could be lost due to President Donald Trump’s tariffs. Summers, a Harvard University professor and paid contributor to Bloomberg TV, says he expects markets to head lower. He speaks on Bloomberg Television’s Wall Street Week with David Westin.
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Tags: CanadaChinaDavid WestinDonald TrumpEuropeheadingLawrence SummersrecessionReciprocal taxStock market newsSummerstariffTrump TariffTrump tariffs 2025U.S. StocksWarns
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