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US economy on ‘precipice of recession,’ Moody’s chief economist warns

UNITED STATES, AUG 5 – Moody's chief economist Mark Zandi warns tariffs and immigration limits are shrinking the labor force and corporate profits, with July job growth at just 73,000, signaling recession risk.

Summary by NewsNation
Moody’s Analytics chief economist Mark Zandi said the U.S. economy is “on the precipice of recession,” citing indicators from last week’s economic data releases.

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Mark Zandi, chief economist at Moody's Analytics highlighted that consumer spending has been stagnating

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Fortune broke the news in New York, United States on Sunday, August 3, 2025.
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