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Nobel Winner Spence Sees Non-Trivial Chance of US Recession: Q&A

  • In interview, he says he expects downward asset-price reset
  • Geopolitical conflict, climate issues are biggest US risks
Michael Spence
Michael SpencePhotographer: Christopher Goodney/Bloomberg

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In an interview on Aug. 17, Michael Spence, Nobel laureate and both a professor and dean emeritus at the Stanford Graduate School of Business, discussed prospects for the US, Chinese and European economies and the consequences of China’s slowdown for the world.