Impacts of the Labor Market and Bank Failures on the Recession

U.S. Economic Outlook: April 2023

Recent banking failures and labor market shifts have left businesses scrambling to prepare for potential fallout.

In the April Economic Outlook report, Principal Economist and Director of Analytics, Danielle Marceau, dives into the future trajectory of the U.S. economy and the impact of the recent turmoil in the banking sector. Monetary policy, tighter lending standards, dwindling savings, and negative consumer sentiment are expected to be the main drivers of the economic downturn beginning around mid-year.

The report includes the following:

  • Federal Reserve’s policy response to the banking failures
  • Impacts of a cooling labor market
  • Increased rigidity in borrowing credit for businesses and individuals
  • The results of shifting consumer finances

Read the report to learn more.


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Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.

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