Is a global recession inevitable?
About this episode
The episode discusses the potential inevitability of a global recession amid economic turmoil caused by the US-Iran war and its implications for Australia.
The closure of the Strait of Hormuz is sending shock waves through the global economy. Supply chains are in disarray, inflation is surging and oil prices remain high. With no end in sight to the US-Iran war, is a global recession inevitable? And does that metric even matter? On this episode of Global Roaming, Latika and Geraldine examine how the US economy is holding up and what it could mean for Australia. Guest: Justin Wolfers, professor of public policy and economics at the Gerald R. Ford School of Public Policy, University of Michigan. Get in touch: We'd love to hear from you! Email us at global.roaming@abc.net.au
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