The United States faces a “significant” chance of falling back into a recession, Harvard University professor Martin Feldstein tells Bloomberg Radio.

“I would say there’s still a significant risk, maybe one chance in three, that there will be a double dip, real GDP falling, before we’re in the clear,” Feldstein said.

The former Reagan adviser is a member of the committee at the National Bureau of Economic Research that dates the beginnings and ends of recessions.

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