The planet overall economy is displaying indications of a fast downshift as it contends with a collection of shocks — some of them self-inflicted by policymakers — raising the probability of yet another world-wide economic downturn and the hazard of main fiscal disruptions.
“We’re dwelling by means of a interval of elevated danger,” former U.S. Treasury Secretary Lawrence Summers explained to “Wall Road Week” with David Westin on Bloomberg Television, for whom he is a paid contributor. “In the exact same way that individuals became nervous in August of 2007, I believe this is a second when there need to be improved nervousness.”
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