Forecasting the 2024 economy

Fresh off its first-ever economic forecast, America’s Credit Unions’ economics team hopped on the podcast to set the stage for 2024.

What do they expect this year? Will the U.S. face a recession? What’s happening in lending? How are credit unions’ balance sheets?

Dawit Kebede, Curt Long, Ligia Vado, and Mike Schenk answer those questions and more, with their baseline forecast calling for modest economic growth of 1.5% in 2024.

Chapters

• 0:12 Episode intro
• 0:56 Mike's "in a nutshell" outlook
• 2:59 Interest rates
• 6:18 Labor market
• 10:14 Consumer sector
• 11:22 Housing market
• 15:00 Auto lending
• 17:56 Loan growth and asset quality
• 22:12 Liquidity
• 24:16 Wage pressures
• 25:31 Credit union earnings
• 27:16 Final thoughts