The US will enter a mild recession as the economy deflates after its boost from unproductive stimulus cash, former Commerce Secretary says

The US will enter a mild recession as the economy deflates after its boost from unproductive stimulus cash, former Commerce Secretary says

Tyler Le/BI

The US is moving toward a recession, as the economy is feeling the comedown after trillions of "unproductive" cash was pumped in during the pandemic, according to former Commerce Secretary Wilbur Ross.

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