“The risks of a 2022 recession are significantly higher than I would have judged six or nine weeks ago,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “If the economy did go into recession in the next six to nine months, then you’d probably see a reduction in inflationary pressures.”
There’s perhaps a 50-50 chance — “maybe it’s a bit less than that” — that GDP shrank in both the first and second quarters of this year, Summers said. That would meet the textbook definition of a recession. If the US does enter a recession, that would likely prompt policy makers to moderate their tightening, Summers said.
ɪ'ᴍ ɴᴏ ᴇxᴘᴇʀᴛ ɪɴ ᴛʀᴀᴅɪɴɢ ʙᴜᴛ ɪ ʜᴀᴅ ɢᴏᴏᴅ ɢᴜɪᴅᴀɴᴄᴇ ᴡɪᴛʜ mamats38 ᴀɴᴅ ʜer ᴛᴇᴀᴍ, ɪᴛ'ꜱ ʙᴇʏᴏɴᴅ ᴇʏᴇ ᴏᴘᴇɴɪɴɢ, ᴡɪᴛʜ ᴛʜᴇꜱᴇ ᴛᴇᴀᴄʜɪɴɢꜱ ᴀɴᴅ ᴛʀᴀᴅɪɴɢ ꜱᴋɪʟʟ, I'ᴠᴇ ʜᴀᴅ ɴᴏᴛʜɪɴɢ ʙᴜᴛ ᴄᴏɴᴛɪɴᴜᴇᴅ ꜱᴜᴄᴄᴇꜱꜱ.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Soccer_Laduma - 🏆 22. / 63 Read more »
SARS banks on data, tech in 2022 tax seasonTech, data-driven efforts are key to tax compliance enablement, says SARS. 2022taxseason eFiling auto-assessments SARS
Source: ITWeb - 🏆 45. / 51 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Eskom has spent R4bn on diesel so far in 2022To keep the lights on and avoid having to resort to higher stages of load-shedding, the utility has spent twice as much on diesel than it budgeted for I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. The CEO is useless and incompetent Anyone looking at who gets the diesel tenders.. Anyone?..hmmmm.. And what price they paying for it compared to market related prices... Asking for a friend. ..
Source: BDliveSA - 🏆 12. / 63 Read more »
Top Private Banks & Wealth Managers 2022: all the winnersWealth managers’ quest is for real returns as their clients fear the erosion of wealth and longevity of their capital, writes Colin Anthony
Source: BDliveSA - 🏆 12. / 63 Read more »