Larry Summers: Wost economy since 1980s "distinctly possible"
The former Treasury Secretary and Harvard President spoke today at the Brookings Institution.
“In my view it is almost certain that we are headed for a period of heavily constrained growth, quite likely that the economy will experience a recession as technically defined and distinctly possible that we are headed into a period of the worst economic performance since the stagflation of the late 1970s and recessions of the early 1980s.”
Prepared remarks here.
