Mike Schenk

PODCAST: What’s in store for the economy and lending?

CUNA Chief Economist Mike Schenk discusses factors at play in the economy.

June 23, 2022

There are a lot of factors at play in the economy right now. CUNA Chief Economist Mike Schenk joins the CUNA News Podcast to discuss them all.

In this episode, he takes listeners through the CUNA economists’ quarterly forecast, factors impacting inflation and supply chain issues, and how he expects the U.S. to narrowly avoid a recession.

Schenk also dives into the lending outlook for the rest of 2022, his expectations for above-average loan growth, the auto and housing markets, and how a strong labor market is affecting the economy.

You can listen to the CUNA News Podcast in Apple’s iTunes StoreGoogle PodcastsSpotify, and Stitcher Radio.

In this episode:

1:10 Schenk’s current economic focuses

2:10 The financial well-being of consumers

7:53 Economic signs of optimism

9:05 An overview of the lending outlook

11:47 The auto and housing markets

12:47 The labor market

13:17 The factors causing inflation

16:45 Inflation’s impact on credit unions

18:13 Will we see a recession?

21:28 The stock market

22:59 Recapping the economic outlook