Webinar
Webinar
Published January 27, 2022
Economic & Market InsightsJoin us for the latest updates regarding the macroeconomic forecast and regional trends. Our experts will conduct a deep dive into changing trends as a result of COVID-19, featuring all-new data and implications.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
If we go into a recession, what does it mean for lending activity? What does it mean for delinquency? As banks, credit unions and fintechs grapple with these questions, sometimes it helps to look to the past for guidance.
In this latest Macro Moment, take a quick look back at prior recessions and their impact on unemployment, delinquency, and loan growth. Key insights include:
Download our report for insights into the major financial milestones your consumers are facing including:
๐ง๐ต๐ฒ ๐น๐ฎ๐๐ฒ๐๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ฎ๐ป ๐๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ถ๐ฎ๐น ๐ฃ๐๐น๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ถ๐ ๐ผ๐๐!
While job satisfaction remains high โญ, ๐ญ ๐ถ๐ป ๐ฐ ๐ฒ๐บ๐ฝ๐น๐ผ๐๐ฒ๐ฒ๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฎ ๐ท๐ผ๐ฏ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ โ ๏ธ.
Also, union membership is at a historic lowโ๐ท๐๐๐ ๐ต.๐ต%โbut public support is rising, especially among younger workers. These dynamics are reshaping employer-employee relationships, with big implications for small businesses.
๐ข๐๐ต๐ฒ๐ฟ ๐ธ๐ฒ๐ ๐๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐:
โ๏ธ Inflation cooled to 2.8%
โ๏ธ 228K jobs added in March
โ๏ธ Unemployment rose to 4.2%
โ๏ธ Consumer sentiment dipped to its lowest since 2022
Small businesses continue to show resilience, with optimism inching up and business starts outpacing pre-pandemic levels.
Check out theย full reportย to see how these trends could impact your strategy!
In our Q1 Lending Conditions Chartbook, we break down the latest economic trends and dive deep into credit conditions across products and regions.
Insights include: