Fact Check
Economist Larry Summers Said, "When You Have Unemployment Below 4% and Inflation Above ... - Latest Tweet by PolitiFact
The latest Tweet by PolitiFact states, 'Economist Larry Summers said, “When you have unemployment below 4% and inflation above 4%, recession always follows within two years.” What he doesn’t say: These conditions have almost never occurred together, casting doubt on how useful this formula is. ...'
Economist Larry Summers said, “When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”
What he doesn’t say: These conditions have almost never occurred together, casting doubt on how useful this formula is. https://t.co/sOtMflzuyr— PolitiFact (@PolitiFact) June 23, 2022
(The above story first appeared on LatestLY on Jun 24, 2022 12:33 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
