FNB is on recession watch; the rest will come around
From Business Report
By Cees Bruggemans
Not everyone has made the jump to such a drastic deterioration in economic outlook, even though the consumer confidence index of First National Bank (FNB) and the Bureau for Economic Research (BER) has fallen suddenly this year. Give them time and they will come around. FNB is on recession watch, purely led by data, momentum and events - and policy choice. We are joining the US, UK and New Zealand on recession watch.
If FNB is putting it's money where it's mouth is, we are also worried. A recession might not happen, but be on the watch for it. Conduct a financial health check on yourself, consolidate your debts, seek debt management