Former U.S. Treasury Secretary Yellen: Likelihood of U.S. Economic Recession Significantly Increasing
According to a report by the Financial Times on May 1, former U.S. Treasury Secretary Yellen stated that the U.S. government's tariff policy will have an "extremely adverse" impact on the United States, negatively affecting both American consumers and businesses. Due to the impact of the tariff policy, the likelihood of a U.S. "economic recession has significantly increased." A day earlier, former U.S. Treasury Secretary Summers also indicated that the market expects a 70% probability of a U.S. economic recession this year. If the U.S. government does not promptly adjust its economic policy, the economic situation in the U.S. will only further deteriorate, and the country is currently on the wrong path. (CCTV News)
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