Iran, oil reserves and economic Outlook
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The U.S. economy in 2025 was marked by tariff hikes, supply chain disruptions, reduced immigration flows and a record-setting 43-day federal government shutdown. Despite these headwinds, GDP expanded 2.2% for the year, remaining above the Congressional Budget Office's long-run neutral growth estimate.
With war in the Middle East, surging oil prices, and a stagnant labor market, the economic situation is starting to feel like the 1970s.
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
After years of rampant construction and a hot job market, Clark County’s new normal is slow growth. That was the message from economists Thursday afternoon at The Columbian’s annual Economic Forecast event at the Hilton Vancouver Washington. Part of the equation is the public’s perception about the economy, which has tanked locally.
The outlook for economic growth was cut by Goldman, which sees a 25% chance of a recession over the next 12 months. Things aren't looking so great on the economic front 12 days into the U.S.-Israeli attack on Iran. Not only did oil prices again touch ...