Chief Economists Outlook: What's next for the global economy?
World Economic Forum
00:00
The Impact of the March Crisis on the Banking Industry
The slowing economy also makes banks more reluctant to lend. In particular in the US, we think that the regional banks will lend less and that will have an impact on growth. There are certain sectors which will be particularly heard: tech comes to mind and real estate. Those were most reliant on this very, very cheap financing. And those are now sort of saying on the other side of it.
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