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No, Really. Are We Finally Heading Toward a Recession? | The Big Take

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May 4, 2023

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First Republic Bank is the latest financial institution to fail amid turmoil across the industry. Meanwhile, inflation is still high. Layoffs are rocking some industries. And labor shortages are throttling others. So… are we about to face the recession that economists have been predicting for months now? Today, Bloomberg reporter Reade Pickert () and senior executive editor Chris Nagi () read the tea leaves on where the economy is headed.

Read moreFirst Republic Becomes SecondLargest Ever US Bank Failure ().

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Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.

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