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Iran war fallout raises odds of a U.S. recession, economists say
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Iran war fallout raises odds of a U.S. recession, economists say

Home - CBSNews.com·@Cbsnews·2 months ago
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The Iran war raises the risk that the U.S. will tumble into a recession within the next 12 months, according to economists and Wall Street analysts. Goldman Sachs analysts this week estimated that higher global energy prices would boost U.S. inflation by 0.2 percentage points to 3.1% by the end of the year, putting a drag on consumer spending and economic growth. The investment bank increased the probability of a recession over the next year to 30%.Economists with consulting and research firm EY-Parthenon see a 40% chance of a severe downturn over the 12 months, up from 35% before the U.S. and Israel attacked Iran on Feb. 28, citing persistent inflation due to the conflict's disruption of global oil supply.…

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