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 E-Merchants Trade Council, Inc.

Simplifying Global E-commerce 

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Former Treasury Secretary Larry Summers Warns of Recession

Mon, July 25, 2022 1:32 PM | Karen Kelly (Administrator)

Small businesses are hit hardest by economic events such as recession and inflation.  Some experts forecast inflation to drop by 1-2 points from 9.1% to 7.5-8%.  The potential for recession is also under discussion as news outlets report that companies are canceling job offers and/or cutting jobs.  GDP data is due out this week.

The top economist who knew inflation would be a disaster says get ready for a bumpy recession ride: ‘Soft landings represent a kind of triumph of hope over experience.’ (msn.com) 

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