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HomeUSMoody's Economist Flags Looming Recession: Is Your Business Prepared?

Moody’s Economist Flags Looming Recession: Is Your Business Prepared?

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Before the recent flare-up in the Middle East, the likelihood of a U.S. recession was already significant, but surging oil prices may further elevate the potential for economic decline.

Mark Zandi, the chief economist at Moody’s Analytics, expressed concern on X, noting Monday that a recession is becoming “a serious possibility” once more. He highlighted that softening labor market data had already increased the probability of a recession occurring within the next year to 49%, a level he described as “uncomfortably high,” even before the unrest involving Iran.

“Given the situation with Iran and the resultant spike in oil prices, it’s not far-fetched to anticipate this probability exceeding the crucial 50% mark,” remarked Zandi.

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