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July 5, 2022 2:02 am

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Economic Report: Recession. Millions of layoffs. Mass unemployment — Larry Summers’ forecast stirs up hornet’s nest

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Talk of recession and mass unemployment is all over the news — and former Democratic Treasury Secretary Larry Summers is the chief reason why. He said the U.S. needs several years of high unemployment to get the worst inflation in 40 years back under control.

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