Why did GDP growth slow in Q3 2021?
What does a steepened yield curve indicate for lenders?
What can financial institutions do to prepare for 2022?
“As an economist with a keen understanding of the market, I like to put my expertise to use by providing insights about the economic forces that will impact financial institutions most significantly in 2022. I hope this information will help your institution guide discussions and implement strategies to support success in the coming year.”
—Blake Hastings, Senior Vice President of Corporate Development
The first graph to the left shows the Congressional Budget Office’s estimate of the potential growth of the economy measured against the country’s actual growth in gross domestic product (GPD) for each year going back to the early 2000s, before the Great Recession.
We still have a labor market that is far from fully recovered. In the second graph to your left, you can see where the labor market peaked prior to the pandemic compared to where it is today.