Update to Economic outlook – H2 2023
Increasing fear of recession and impact on fed hikes on banks. Is there a way out for banks to build the trust among its customers.
Increasing fear of recession and impact on fed hikes on banks. Is there a way out for banks to build the trust among its customers.
The slump within startups in the BNPL market is concerning. Especially Klarna which has gone down from $46B in valuation to $6.5B. The same goes for Affirm which has lost 80% since the beginning of 2022. Delinquency and securitization of loans is a real concern and will impact if regulations are not strengthened in this direction.
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