PODCAST: What’s in store for the economy and lending?
CUNA Chief Economist Mike Schenk discusses factors at play in the economy.
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.
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