Are we heading for a global recession?

The world may be edging closer to a global recession as the US-Israeli war on Iran sends shockwaves through the global economy.At the centre of the crisis is the Strait of Hormuz, a vital route now effectively disrupted, cutting off a significant share of global energy supply and pushing oil prices towards or even beyond $150 a barrel.Markets are rattled, trade routes are under strain and fears of prolonged economic damage are rising.So how close are we to a full-blown recession and will this conflict tip the global economy over the edge?Joining Enda Brady for this discussion:Chris WeaferFounding Partner of Macro-AdvisoryAnn PettiforBritish Economist and Director of Policy Research in MacroeconomicsMatthew AgarwalaEconomist and Bennett Chair of Sustainable Finance, Bennett Institute, University of Sussex.Greg SwensonChairperson Republicans Overseas UKTo access the back catalogue of Roundtable discussions https://www.youtube.com/@RoundtableTRTWorld Hosted on Acast. See acast.com/privacy for more information.