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The Economic Times

Top News / The Economic Times

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Could rising gas prices trigger a recession? What experts say and how to prepare

US recession fears 2026: Soaring gas prices are fueling worries of a US recession, with economists citing a nearly 50% chance within a year. Elevated oil costs, exacerbated by the Iran conflict, are squeezing consumer budgets, potentially leading to reduced spending, job cuts, and further economic pressure. Experts advise building emergency funds and managing finances proactively.

2 Apr 2026 12:41 am