Will there be a recession in 2022? The odds are rising amid soaring inflation, high energy prices – USA Today

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    • #474754
      RCW2020
      Blocked
      • Total Posts: 1,122

      Paul Davidson, USA TODAY 15 mins ago

      President Biden focuses on Ukraine, economy in State of Union and says we will ‘be okay’

      The U.S. economy is still climbing out of the COVID-induced downturn as a robust job market powers it to cruising speed.

      So why is talk of recession in the air?

      Some top economists are raising the odds of a slump within the next year or so amid Russia’s invasion of Ukraine, rising energy prices, historic inflation, the stock market sell-off and the prospect of aggressive Fed rate hikes.

      “The risk is uncomfortably high,” says Mark Zandi, chief economist of Moody’s Analytics.

      Since the Ukraine war began, Zandi has increased his estimate of the chance of a recession in the next 12 to 18 months from 15% to 30%.

      Link to source…

    • #474830
      Bernie Boomer
      Participant
      • Total Posts: 680

      ‘There is nothing new under the sun. It has all been done before.’
      — Sherlock Holmes in A Study in Scarlet

      This has all been done before, so the effects are known.

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