#02 - Slowdowns, households, companies and banks - a podcast by BNP Paribas Economic Research
from 2019-02-04T06:00:11
::
::
The psychology of a recession, Episode 2 - Slower growth will raise the concern of households that unemployment will increase. Greater caution means less spending. Companies will scale back investments because they represent a long horizon commitment which moreover is irreversible. Banks will also become more cautious in extending credit, being concerned that the balance sheet quality of customer will suffer from a period of negative growth.
Further episodes of Macro Waves
Further podcasts by BNP Paribas Economic Research
Website of BNP Paribas Economic Research