Some economists are warning about the potential of "stagflation," a combination of low economic growth and high inflation, due to persistent inflation and a job market slowdown. The rising oil prices due to the Iran war have been compared to the oil supply shocks experienced during stagflation in the 1970s. However, some economists believe that this may not manifest as strongly as it did in the past. The term stagflation will continue to be mentioned, particularly due to high oil prices and weak employment data. The risk of stagflation is "very low," according to chief economist at financial firm Raymond James. The U.S. economy is experiencing a shock following the Iran conflict, leading to rising inflation and constricted output now, according to Gregory Daco, CEO of EY-Parthenon and president of the National Association for Business Economics. Despite this, there is a likelihood that inflation will be higher in the intermediate term.