Oil Shock Sparks Higher Recession Odds, Says El-Erian
TL;DR Summary
Mohamed El-Erian says US recession odds have risen to about 35% due to spillovers from the US–Iran war and higher oil prices that could fuel inflation and dampen demand, with the risk of a “financial accident” in markets and weak growth and job signals as the conflict persists.
- Mohamed El-Erian tells us why he thinks rising oil prices are just one reason recession odds have jumped Business Insider
- There's an oil price scenario that would bring the US economy to a 'standstill Fortune
- Moody’s economist warns recession is once again a ‘serious threat’ NewsNation
- Is A Recession Coming? Surging Oil Prices Pose ‘Serious Threat,’ Economists Say Forbes
- Iran war scenarios: The oil price that breaks parts of the economy Oxford Economics
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