Cost of living is a growing concern around the world, but the United States this week saw inflation hit 8.6%, sending financial markets into a tailspin with concerns one of the world's biggest economies is headed for recession. So, is it possible? And will it flow onto us here in Australia? Two experts explain what's happening and why there's no need to hit the panic button just yet.

Gemma Acton is the Network Finance Editor for 7NEWS, filing stories on money and the economy. Gemma has more than 18 years' experience in the finance sector, working for companies such as Goldman Sachs and Merrill Lynch, as well as a correspondent for CNBC. She regularly appears on 7NEWS bulletins across Australia, Sunrise, The Morning Show and The Latest.

Host: Gemma Acton

Guest: David Bassanesem, chief economist at BetaShares

Guest: Chris Brycki, founder and CEO of Stockspot

Anchor/Producer: Damien Haffenden

A 7NEWS Podcasts production for Seven West Media

Information contained in this podcast is general in nature and does not take into account individual circumstances. Consider seeking independent legal, financial, taxation or other professional advice to check how information from this episode relates to your unique circumstances.

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