Economists from J.P. Morgan Global Research offer their analysis on the economic data, macro trends and monetary and fiscal policy impacting the world today.
Episodes
Wednesday May 10, 2023
Wednesday May 10, 2023
Nora Szentivanyi, Greg Fuzesi and Michael Hanson discuss the tightening in US, Euro area and EM credit conditions through the lens of the latest bank lending surveys, the implications for the growth outlook and central bank decisions. While these surveys show that that credit conditions did tighten further last quarter and loan demand continued to fall, the moves were not as severe as some might have feared. Indeed, against a backdrop of continued resilience in recent activity data, the latest surveys do not indicate an imminent break in growth. Rather, we expect this drag to accumulate over the year, contributing to a mild year-end recession in the US in our base case.
Speakers
Nora Szentivanyi, Economic Research
Greg Fuzesi, Economic and Policy Research
Michael Hanson, Economic and Policy Research
This podcast was recorded on 10 May 2023.
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