Small-bank executives overwhelmingly think the U.S. economy will fall into a recession by 2023.
In an online survey conducted June 21-30, a whopping 96% of community bank leaders said they expect an economic decline to strike by the end of this year or sometime next year. Thoughts about the timing of when a recession will hit were split evenly among the group, with 48% of bankers saying they think it will happen this year and 48% predicting it will be a 2023 event.
