Summers Sees Greater Than 1-in-3 Chance of U.S. Recession by End of 2020

The video discusses the potential for a US recession, exploring its likelihood and impact. Bloomberg's model estimates a 27% chance of a recession starting within 12 months, increasing to 35% by the end of 2020. The discussion highlights the role of public confidence and the limited ability of policy authorities to mitigate recession effects.

What are the potential impacts of a recession on different sectors of the economy?

What factors contribute to the likelihood of a recession occurring within the next 12 months?

How does a decline in consumer confidence impact the economy during a recession?

What does the term 'self-fulfilling prophecy' mean in the context of a recession?

In what ways can policy authorities respond to the onset of a recession?