Economics

Feldstein Sees 50% Odds U.S. Falls Into Recession: Tom Keene

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Harvard University economics professor Martin Feldstein said the U.S. recovery that began two years ago has been losing steam and there are even odds the economy will slip into a recession.

“This economy is really balanced on the edge,” Feldstein said in an interview on Bloomberg Television “Surveillance Midday” with Tom Keene. “I think there’s now a 50 percent chance that we could slide into a new recession.”