Economic downturn

Economists Warn Iran War Increases Risk of Recession in Next 12 Months

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One hundred dollar bill shaped like a US map and economic data

Source: Anton Petrus/Getty The Iran war is already having a significant impact on the wallets of US citizens. Gas prices have risen over the past month, with no signs of slowing down anytime soon. As the war in Iran continues to disrupt oil supplies and shipping lanes, several economists have warned that prolonged conflict in … Read more

Mark Zandi warns that the recession is approaching 50%, and the war with Iran could put us in economic trouble by the middle of the year | Good luck

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Mark Zandi warns that the recession is approaching 50%, and the war with Iran could put us in economic trouble by the middle of the year | Good luck

Economists are growing more cautious about the economic situation as the conflict in Iran continues. Moody’s Analytics raised its recession outlook for the next 12 months to 48.6%, in line with Goldman Sachs, which now predicts a 30% risk of recession, and EY-Parthenon, which puts the chances of a recession at 40%. The underlying probability … Read more