US recession odds rise
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Some economists cautioned the U.S. economy would be able to absorb the shock of the Iran war.
Economists have pulled up their risk assessments of a contraction amid heightened uncertainty over geopolitical risk and a labor market slump.
Mark Zandi said the risk of a US recession is rising, and flagged the exact level he thinks oil would need to hit to spur a downturn.
Blame rising oil prices.
Feeling gloomy about the U.S. economy? You're not alone. Consumer sentiment fell in March following the start of the Iran war as recession risks grew.
US recession 2026 prediction explained: US recession fears are escalating as major forecasts predict a significant increase in odds, driven by global tensions and economic pressures. Rising oil prices due to the Iran war and signs of weakness in the labor market and consumer confidence are contributing to growing economic stress.
Rising oil prices and a slowing labor market could be the two forces that drag the US economy into a downturn, Mark Zandi said.
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