America's Credit Unions

Forecasting the 2024 economy

February 01, 2024 America's Credit Unions
Forecasting the 2024 economy
America's Credit Unions
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America's Credit Unions
Forecasting the 2024 economy
Feb 01, 2024
America's Credit Unions

Fresh off its first-ever economic forecast, America’s Credit Unions’ economics team hopped on the podcast to set the stage for 2024.

What do they expect this year? Will the U.S. face a recession? What’s happening in lending? How are credit unions’ balance sheets?

Dawit Kebede, Curt Long, Ligia Vado, and Mike Schenk answer those questions and more, with their baseline forecast calling for modest economic growth of 1.5% in 2024.

Show Notes Chapter Markers

Fresh off its first-ever economic forecast, America’s Credit Unions’ economics team hopped on the podcast to set the stage for 2024.

What do they expect this year? Will the U.S. face a recession? What’s happening in lending? How are credit unions’ balance sheets?

Dawit Kebede, Curt Long, Ligia Vado, and Mike Schenk answer those questions and more, with their baseline forecast calling for modest economic growth of 1.5% in 2024.

Episode intro
Mike's "in a nutshell" outlook
Interest rates
Labor market
Consumer sector
Housing market
Auto lending
Loan growth and asset quality
Liquidity
Wage pressures
Credit union earnings
Final thoughts