Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’


If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn.
But all has changed following the collapse of three US banks over a matter of days. The chief economist of Apollo Global Management now says he’s bracing…
This story appeared on fortune.com, 2023-03-18.