Economy on a Tightrope: Recession Risks Loom

Is a recession looming? Economist Mark Zandi warns that a third of the US economy is already struggling, with major states like California and New York crucial to avoiding a nationwide downturn. Despite overall growth, a significant slowdown, potential interest rate hikes, and weakening job numbers paint a concerning picture, with Zandi estimating a nearly 50% chance of recession in the next year. The economy is walking a tightrope, and the coming months will be decisive. Hosted on Acast. See acast.com/privacy for more information.