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I think you should first consider the alternative, as in the value of a MBA in a year/2 or the value of a MBA in 5 years for your career.
I would focus on where you will be in your CAREER rather than the market, since there are certain stopgaps in terms of the desired experience (ie people who worked as a manager for 1-4 years are all equal in experience if a company prefers 5+ years experience for a senior manager role). Additionally you have more control over your career than the market. If you knew there was going to be a recession in 2 years, you would have no idea how long the recession would last. It would unfeasible to wait to get a MBA for an indeterminate amount of time (5-10 years), as you may be too experienced for entry level- "post MBA" roles at that stage.
I'd say go full force and get the MBA asap if you get into a target school with your current credentials and don't need more experience.
Were you able to find a decent paying job? Or any job at all?