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The next economic crisis Larry Summers is worried about

April 06, 2023
GZERO Staff
The next economic crisis | Larry Summers | GZERO World

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On GZERO World, Ian Bremmer and former US Treasury Secretary Larry Summers discuss the policy response to the recent banking crisis involving Silicon Valley Bank and the Biden administration's actions.

Summers rates the government's move to step in and guarantee depositors in SVP positively but expresses concern over the high cost of the SVB bailout.

He also worries about the real estate sector, particularly the office building sector and corporate lending to mid-size businesses.

Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in
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