Tyler Schipper, an related economist and professor on the College of Arts and Sciences at St. Thomas, just lately talked to The Hill in regards to the risk that the prices of airways lower if there’s a recession.
If we see that the financial system of the USA turns into an financial recession this yr, that would additionally make journeys, and different items and companies, cheaper.
“The truth is, within the 2008 recession, the deflation was really noticed for a few months, the place the final value stage was really decrease,” mentioned Tyler Schipper, an affiliate professor of Economics on the College of St. Thomas. “I feel that is notably true for issues that could be extra luxurious to many properties, equivalent to touring. So the airline journeys, for instance, you possibly can see costs in most recessions. And I think that if we enter a recession, we’d nonetheless see it once more.”