Episode Details

Economists warn of heightened recession risks, with a thirty to fifty percent chance over the next year, driven by the Iran war and soaring oil prices. Gas prices have surged thirty-five percent, a common trigger for U.S. recessions. The labor market shows strain with job losses and stagnant hiring. Consumer confidence wanes as sixty-five percent anticipate a downturn. However, stimulus and potential diplomatic resolution offer hope for averting the worst.

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