October 20, 2021

Phoenix Lending Survey Results Reveals a Weakened U.S.

PHILADELPHIA, Oct. 14, 2021 (GLOBE NEWSWIRE) — From the third quarter Phoenix Management “Lending Climate in America” survey results reveals a weakened U.S. economy in the near and long term.

After a brief resurgence, lenders displayed a more adverse outlook and assessment of the U.S. economy for the near and long term. The GPA for the U.S. economy in the near term significantly decreased 56 percentage points to 2.23 from the Q2 2021 results of 2.79. Additionally, lenders optimism of the U.S. economy in the long term weakened, decreasing 13 percentage points to a 2.23 from the previous quarter’s results of 2.36.

August had the fewest number of new workers in the last seven months. When asked as we move forward into Q4’21 and 2022, do you expect the job market to slowly bounce back, 77% of lenders surveyed believe that even with the delta variant, the job market will…

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