Recession risks are uncomfortably high, economist says

The economy is slowing, prices are rising, and the labor market is under pressure.

Transcript

00:00I think recession risks are uncomfortably high. Now, you know, I think the odds are that we'll

00:05kind of navigate through the next six, 12 months without an economic downturn, but it's going to

00:09feel uncomfortable. I mean, growth is already slowing, has since the beginning of the year.

00:14That'll continue as the tariffs begin to really show up in consumer prices and really start to

00:20bite into growth and the immigration policies start to impede what's going on in the labor

00:26market. We are going to see, you know, weaker growth ahead. But, you know, the economy is

00:31resilient. Businesses are very reluctant to lay off workers. And as long as they avoid doing that,

00:37I think we should be able to get through this without a downturn.