Skip to content
Subscriber Only

Summers Sees Risks of More Financial Instability, Slower Growth

Former U.S. Treasury Secretary Lawrence Summers said he sees a risk of increased financial instability worldwide, accompanied by slower U.S. and global growth.

“This is a moment of more than usual financial fragility, including in China,” Summers, a professor at Harvard University, said in an interview Monday. “There are many uncertain interconnections” in the markets, he said.