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Former US Treasury Secretary Lawrence H. Summers: Economic Bounce Could Still Give Way to a “Slow Slog” Until Vaccine; Why Healthcare Investment is Vital and How the United States Could See a “Dramatic Period” for New Public Policies After COVID-19

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Former US Treasury Secretary Lawrence H. Summers: Economic Bounce Could Still Give Way to a “Slow Slog” Until Vaccine; Why Healthcare Investment is Vital and How the United States Could See a “Dramatic Period” for New Public Policies After COVID-19

Summers speaks with IHS Markit Senior Vice President Amb. Carlos Pascual for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations.

WASHINGTON–(BUSINESS WIRE)–Former U.S. Secretary of the Treasury and current Charles W. Eliot University Professor and President Emeritus at Harvard University Lawrence H. Summers says that the United States needs to make the right investments in healthcare and that the current U.S. economic recovery could become “something much more horizontal before too terribly long unless we’re able to find a vaccine or therapy” in the latest edition of the CERAWeek Conversations series.

In a conversation with Amb. Carlos Pascual, senior vice president, IHS Markit (NYSE: INFO), Summers says that it would be “crazy for Congress to be spending multi-trillions of dollars on economic stimulus and not putting two percent of that money into the testing and the contact tracing that could allow more activity with less spread.” […]

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