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Larry Summers: ‘Smart Businesses Are Going to Maintain Flexibility’

HBR IdeaCast

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Tariffs and Economic Uncertainty

This chapter examines the negative effects of tariffs on the American economy, including rising prices and unemployment, as well as the need for businesses to adapt strategically. It discusses the potential for a recession in 2025 while balancing consumer sentiment against resilient economic data. Additionally, the chapter highlights the complexities surrounding the yield curve as an indicator of future recessions amidst improving economic confidence.

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