Standard Chartered Bank Sees 80% Odds of the US Entering Recession in 12 Months and Warns of Potential Shift in Regulatory Direction amid Banking Crisis

Standard Chartered Bank currently predicts that within the next 12 months, the probability of the US economy entering a recession will reach 80%. Analyst at Standard Chartered Bank said that regional banks in the United States have a high concentration of loans and deposits. It is expected that the local government will change the regulatory direction in response to the banking crisis, which may drag down credit growth and put pressure on the US economy.