The US may not be able to dodge recession as bank failures could lead to a credit crunch for small business, chief economist says
March 28, 2023 at 06:16 AM EDT
The US economy appears firmly on the road to recession as small businesses will face higher hurdles to obtain credit in the wake of the first bank failures since 2008, the chief economist at Pantheon Macroeconomics said Monday. Banks were already tightening access to credit after the Federal Reserve … Source
