The International Monetary Fund (IMF) has slashed its expectations for U.S. economic growth. According to its latest outlook, the IMF projects U.S. growth at 3.7% in 2022 and 2.3% in 2023. Former U.S. Treasury Secretary Lawrence Summers said for the past 75 years, whenever inflation exceeded 4% and is coupled with high unemployment, the U.S. economy fell into recession within two years. In this episode of BizBeat, CGTN's Aaron Liu explains.