HomeLocal NewsMoody's Economist Signals Renewed Concerns Over Potential Recession

Moody’s Economist Signals Renewed Concerns Over Potential Recession

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TAMPA, Fla. (NewsNation) — The likelihood of a recession in the United States was already high before recent tensions in the Middle East, and the surge in oil prices could further heighten this risk.

On Monday, Mark Zandi, chief economist at Moody’s Analytics, issued a warning on social media platform X, stating that the threat of a recession is “once again a serious threat.” He pointed out that weak labor market data had previously raised the probability of a recession occurring within the next year to 49%, a level he described as “uncomfortably high,” even before any conflict with Iran emerged.

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