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There Is "Significant Risk" Of Recession. Lawrence Summers, January 10, 2019, Video, "There is “significant risk” of a recession in the next two years, former U.S. Treasury Secretary Larry Summers repeated yesterday on Bloomberg TV. Summers, now an economist at Harvard University, focused his comments on China’s economy, which he warned was “seeing as difficult a moment… as any they’ve had in the last 10 or 20 years.” " Link