The Wall Street JournalThe Wall Street Journal

U.S. bank failures pose risk to global growth

By Jason Douglas

26 Mar 2023 · 4 min read

Will the U.S. banking sector's turmoil be the catalyst for a global recession? The WSJ dives into the complex relationship between financial instability and worldwide economic prospects.

Curated by informed

SINGAPORE—Turmoil in the U.S. banking sector isn’t just a problem for the U.S. It also increases the risks of a global recession.

Many economists expected a significant downturn in global economic growth this year even before U.S. lender Silicon Valley Bank collapsed, because of an expected pullback in spending and investment in the U.S. and Europe amid climbing interest rates.

The news, curated.

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