IMF warns about risk of global recession
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A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.
A coin flip. That's the odds the US enters a recession in the next 12 months, according to a Moody's Analytics model. How to prepare in case it comes.
Several economist have said a recession in 2025 is likely, while others argue there are still strong economic indicators.
Iran war economic crisis global oil shock raises urgent fears of fuel shortages and supply disruptions worldwide. With nearly 20% of oil flowing through the Strait of Hormuz, any blockage could cripple energy markets fast.
Gasoline prices above $4 a gallon generally prompt the White House to change behavior. Iran has an interest in prolonging the economic and political pain to convince Trump to retreat. It does not have an interest in getting bombed into the Stone Age.