2020 Global Recession: Key Indicators and Implications
In a recent webinar with GARP and Moody's Analytics, Chief Deputy Economist, Cris deRitis, took a look at the indicators and implications of an upcoming recession, and how they may affect credit risk. Assess your understanding of the impact a global recession would have on the US economy and watch the webinar replay.
Brush up on the state of the economy and learn how to enhance your credit risk management by watching this webinar.
Correct! The economy is projected to significantly slow down in 2020.
Incorrect! The economy is projected to significantly slow down in 2020.
Correct! The unemployment rate (NAIRU) is the strongest indicator signaling an upcoming recession.
Incorrect! The unemployment rate (NAIRU) is the strongest indicator signaling an upcoming recession.
Correct! The next recession is projected to be mild.
Incorrect! The next recession is projected to be mild.
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Correct! An escalation in the trade war is the current biggest threat to the United States economy.
Incorrect! An escalation in the trade war is the current biggest threat to the United States economy.
Correct! The technology industry is not at risk. The agriculture, energy and oil, and manufacturing industries are at high risk of being affected by the trade war.
Incorrect! The agriculture, energy and oil, and manufacturing industries are at high risk of being affected by the trade war.
Almost! Associating your organization with the right economists, researchers, and modelers is key to succeeding in a recession. Experts aligned with your geographic and industry segments help you focus on trends, forecasts, and projections.
Thank you for your interest! We'll be in touch soon. In the meantime, brush up on the state of the economy and learn how to enhance your credit risk management.
Almost! Access to an extensive database with relevant information to your business will make managing risk much more effective.
Almost! Strong and accurate credit risk models help effectively leverage data to assess default and recovery probability. You need the right models to support the data available to you.
Almost! Using predictive analytics to build projections and outlooks is critical for an upcoming recession. Your business will gain better insights to potential events with strong analytics.
Almost! The right technology is necessary to manage all these components. Using this technology helps you meet moving market and client expectations effectively.
Correct! All of these are viable and recommended strategies to managing credit risk in light of the upcoming recession.