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Moody's Warns of 50%+ Chance for US to Slide Into Recession if Oil Prices Remain High
2026-03-17 17:06:58 Mark Zandi, chief economist of Moody's Analytics, believes that the US economic outlook will deteriorate and likely lead to a recession, if oil prices remain high as the Strait of Hormuz continues to block oil tankers. Although the US's current oil and natural gas production roughly matches its consumption, Zandi stressed that global energy market volatility could still upend the US economy. Even before the outbreak of the Iran conflict, Moody's analytical model indicated a 49% probability of a recession in the US within the next 12 months. Zandi expects this probability to rise to 50% or even higher in the next model data release. ~ AAStocks Financial News Web Site: www.aastocks.com | |