Former Treasury Secretary Larry Summers said Monday that the odds of a recession are “close to 50/50.”

“I told [Kasie Hunt] @CNN today, I think there is a real possibility of a recession,” Summers said in a thread on the social platform X.

“I would have said a couple of months ago a recession was really unlikely this year. Now, it’s probably not 50/50, but getting close to 50/50. There is one central reason. Economic policies that are completely counterproductive,” he added.

The stock........

© The Hill