Exercising patience – September 2023
With the chance of a recession remaining at more than 50%, Chief Economist Eric Lascelles is patiently tracking economic trends and data. There is some good news, he reports:
- Inflation is improving.
- Economies are still moving forward for the most part.
- It looks like central banks are reaching the end of their interest rate hikes.
But the negatives outweigh the positives at this point in the business cycle. Explore more now.