Recession may be just around the corner: Swiss Re

July 14, 2022

X
LinkedIn
Show more sharing options

Swiss Re has warned that a recession seems closer than expected, possibly as soon as Q2, citing a 16-month low consumer sentiment index from May and a 40-year high inflation for June.

In a July report, the company raised its full-year consumer price index inflation forecast to 7.8% from 7.4% and slashed its GDP growth forecast to 2.0%

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats
Fuel a smarter strategy for business growth

Request a free trial Already a subscriber? Log in now

Recession may be just around the corner: Swiss Re

Swiss Re has warned that a recession seems closer than expected, possibly as soon as Q2, citing a 16-month low consumer sentiment index from May and a 40-year high inflation for June.

Log in to continue

Fuel a smarter strategy with our actionable market intelligence