US: increasing risk of recession

Until Q1, the US economy was growing faster than its estimated potential rate. This might be a superficial analysis of the recent situation. Looking into the details, however, the signs of fragility are increasing fast. The shock of uncertainty triggered by the collapse of SVB seems to have been contained by the Fed's intervention, but banks, worried about their liquidity, will inevitably tighten credit, which will weigh on the pace of activity and ease inflationary pressures. Th...