This month’s Market Pulse is going global. The IMF is predicting global growth may slow from 6% in 2021 to 3.2% in 2022, and 2.7% in 2023. Simultaneously, global inflation may increase from 4.7% in 2021 to 8.8% in 2022*. We’re tracking global credit trends and observed 3 common themes:
-Inflationary pressure is visible across countries
-Mortgage demand is changing
-Delinquencies are on the rise
How will the US economy fare given these global headwinds? What can US companies do to build resilience into their 2023 plans?
As always, we kick things off with a macroeconomic update from Robert Wescott, Founder and President of Keybridge. Next, Swarmina Pandey provided a global perspective based on Equifax credit trends data and focused specifically on what the data tells us about rising delinquencies worldwide. Lastly, Tom Aliff, Risk and Analytics Executive at Equifax, brought it home and focused on relevant US consumer credit trends and what they mean for your business.
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