Federal Bank of Dallas economists warn that a global economic downturn may be unavoidable if a large of Russian energy exports remain off the market throughout the year. Billionaire investor Carl Icahn also warned that there could be a recession amid the surging inflation So far, the EU found sufficient support for an all-out oil & gas embargo against Russia. The already month-long Russian war in Ukraine has upended analyst outlooks of the global economy this year. Forecasts quickly shifted from a robust post-COVID rebound to rising chances of a full-blown global recession due to spiking energy prices, broken supply chains, and tight global oil supplies. Economists, analysts, and famed investors say the odds of a recession have been rising, considering the runaway inflation, which the Fed and other central banks have already started to try to curb with interest rate hikes. Despite the fact that recession is not […]