3min chapter

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Larry Summers on China, Russia, and the Global Economy

Foreign Policy Live

CHAPTER

The IMF's Forecast for the Economy This Year

Larry Summers: We were late to the party with respect to recognizing inflation in the United States and most other countries. And so achieving the proverbial soft landing, I think is not going to be easy in the U.S. Put that on top of the broad financial consequences of sudden increases in interest rates,. Growing concerns about fragmentation, issues that are important in energy and food markets.

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