Trump’s War on Iran Risks Plunging World Into Global Recession, IMF Says

A new report from the International Monetary Fund (IMF) warns that the U.S.-Israeli joint war on Iran has stalled economic momentum for this year, and, if the war lasts for several months, has the potential to cause a global recession. The report, published on Tuesday, blamed disrupted supply chains, primarily for oil, for its changes in projections compared to a previous report issued in…
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22 States Are in Recession or Heading Toward One. The Shutdown Could Worsen It.

states accounting for roughly a third of the nation’s gross domestic product are currently in recession or on the verge of one as the federal government shutdown enters its fourth week, with congressional Republicans and President Donald Trump refusing to support an extension of key healthcare subsidies that are set to lapse at the end of the year. A recent analysis by Moody’s Analytics…
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