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News & Views

Provided by the Investment Professionals of Frost Investment Advisors | October 31 , 2022

U.S. Earnings Holding Up Better than Expected in the Face of Economic Malaise at Home and Abroad

Economic Woes Weigh on the American Psyche

Economic distress is growing over much of the global economy, with concerns about a looming recession now consensus but not unanimous. Recent surveys of economists from both Bankrate and the Wall Street Journal put the probability of recession at nearly two-thirds. In contrast, Goldman Sachs projects a relatively low probability of 35%, while others have a more negative outlook, with Nomura calling for a recession by the end of the year.

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