From:
Columbia Business School dean emeritus Glenn Hubbard spoke with CNN about the likelihood that escalating conflict in the Middle East could trigger a recession. Hubbard explained that geopolitical shocks—particularly those that drive up oil prices—can slow economic growth by increasing costs for businesses and consumers while fueling inflation. His analysis highlights how sustained disruptions to global energy markets could weaken demand and raise the risk of an economic downturn, especially if high energy prices persist.
