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Moody's Economist Highlights Rising Risk of Recession Due to High Oil Prices

KTSM••Andrew Dorn
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Mark Zandi, an economist from Moody's, has issued a warning that the likelihood of a recession is increasing, particularly if oil prices continue to stay high. He emphasized that maintaining elevated oil prices for an extended period could make a recession challenging to avert. This situation is critical for the economy, as it could impact consumers and businesses alike in El Paso and beyond. Residents and local businesses should prepare for potential economic shifts as these oil price trends develop.

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