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The Recession Trigger Is Active

By Seeking Alpha April 27, 2026 Bearish
The Recession Trigger Is Active
The Strait of Hormuz has been closed for almost two months, and there are no expectations of reopening anytime soon - that's the trigger for an inflationary recession. The April PMI data for the EU confirms that the EU is already slipping into an inflationary recession, while the US PMI shows some early signs with a struggling service sector.
The Strait of Hormuz has been closed for almost two months, and there are no expectations of reopening anytime soon - that's the trigger for an inflationary recession. The April PMI data for the EU confirms that the EU is already slipping into an inflationary recession, while the US PMI shows some early signs with a struggling service sector.