Summers Sees Signals of a Sharp Drop-Off in Economic Activity
- Former Treasury chief says data on current conditions strong
- Leading indicators suggest risk of ‘Wile E. Coyote’ moment
This article is for subscribers only.
Former Treasury Secretary Lawrence Summers said worrying signals of a potential sharp drop-off in activity combined with strength in other indicators point toward an uncertain economic outlook.
“We’ve got an extremely difficult economy to read,” Summers said on Bloomberg Television’s “Wall Street Week” with David Westin. “People may be reading a bit too much into the moment in terms of economic strength — relative to the way things could look very differently in a quarter or two.”