WASHINGTON: The risk of US markets falling into a recession mode is higher than ever before since the aftermath of September 11, 2001 attacks, former US Treasury secretary Larry Summers has said.
It is "premature" to say the crisis is over despite some recovery by the stock markets and the Federal Reserve last week availing more cash into credit markets, the Treasury Secretary of previous Clinton administration said on Sunday.
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Tuesday, August 28, 2007
US markets face highest risk of recession
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