Will the Iran War Deliver a Long-Predicted U.S. Recession?

The post-Covid economy is a study in resilience, shrugging off a series of shocks and crises from surging inflation to the Ukrainian war to U.S. tariffs. It is also a study in false alarms as pundits and analysts have relentlessly predicted an “inevitable recession.” They talked down the Biden economy in 2024 and did the same after President Trump’s tariffs last year, to no avail.