Recent job numbers have been encouraging, with unemployment rates falling and more people finding work. However, Larry Summers has warned that the situation may not be as rosy as it appears. He believes that the risk of recession is increasing and that this could spell trouble for both businesses and individuals alike.
Summers noted in a recent interview that “the good jobs numbers don’t tell the whole story”. He went on to say “I think the Fed’s got very, very difficult decisions ahead of it,” indicating his concern over what might happen if interest rates are cut too far or left too high.
It’s clear from Summers’ comments that we should remain cautious when interpreting economic data. While things may seem positive now, there could still be risks lurking beneath the surface, which need to be addressed before they become major problems down the line. Businesses should take heed of these warnings and plan accordingly so they can protect themselves against any potential downturns in their sector or industry due to an economic recession.
Read more at Fortune
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