New Year, New Outlook
Moody's Talks - Inside Economics
00:00
Is the Baseline Forecast a Growth Recession?
In our baseline forecast, no recession forecast growth comes to a standstill. By definition, if the aggregate economy is traveling close to zero in terms of growth, something's got to be falling. The transportation sector, do you see federal express? They downgraded their expectations for profitability and going to engage in more cost cutting. FedEx is in recession, right? Because this time last year, we're shipping lots of stuff because people were still buying goods,. Now they're not, and they're struggling.
Transcript
Play full episode
