
When Credit Growth Cracks, What Options Remain?
Real credit growth was very weak in the last 3 quarters of 2021. Ever since 1952, whenever credit growth fell below 2% per annum, the US economy went into recession.
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Real credit growth was very weak in the last 3 quarters of 2021. Ever since 1952, whenever credit growth fell below 2% per annum, the US economy went into recession.
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