Recorded on August 14th, 2023

Will there be a long shallow recession?

Ed Harrison, Bloomberg's head of Rates and FX in the Americas, expects a slow-motion recession in the US. Different pockets of the economy have already been in a recession, but there’s not been an economy-wide event.

Ed thinks that the ultimate source of the slowdown could be tighter lending standards that slowly starve the economy of credit. This will probably play out at different speeds across the country, creating a shallow and drawn-out recession.

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