National Bureau of Economic Research President Martin Feldst

[LICKING COUNTY FAN]

U.S. faces severe recession.


The situation is very bad, the situation is getting worse, and the risks are that it could get very bad," Feldstein said in a speech at the Futures Industry Association meeting in Boca Raton, Florida.

"There's no doubt that this year and next year are going to be very difficult years."

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