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Stock impact report

Is the US in a recession? What the war in Iran means for US economy [USA TODAY]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: USA TODAY
a crude oil price shock that could tip the global economy into a US recession and potentially trigger stagflation, economists warn. The sudden shock of Israeli-US strikes against Iran led to a massive slide in auto stocks Ford, GM and Stellantis, while the cost of gold and oil prices soared today with 20% of the global oil supply that passes through the Strait of Hormuz now halted. Experts say an extended closure of the Strait would cause a "supply shock of the type not seen since the glory days of OPEC ," but the Iran war trigger a US recession or global recession? Here's what a recession means, and how it could impact you. What is a recession? Definition A recession is a "significant decline in economic activity that is spread across the economy, lasting more than a few months," according to the National Bureau of Economic Research (NBER). To be met, three criteria need to be met individually or to some degree to identify a recession: Depth, diffusion and duration. The commi Show less Read more
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