📝U.S. Recession Remains Low Supported By Labour Market And Economic Imbalances: Westpac Strategy

Recession chatter is getting louder as financial conditions tighten and real incomes take a hit. Our modelling though suggests U.S. recession risk remains low at 25%. Our calculations are derived from financial markets, soft surveys, labour market, economic imbalances. Financial markets and soft surveys have been edging higher, neither the labour market nor economic imbalance signals are anywhere close to flashing a meaningful slowdown. - Westpac Strategy