The Global Fixed Income Team hosted a webinar on 'Declining Profit Margins, Rising Recession Risks'. In this recording, the Team discusses new indications in the national accounts of falling corporate profit margins, which in the past has served as a reliable late-cycle indicator. The Team views the ongoing trade dispute between the US and China as a material risk, with meaningful consequences for the US and global economy.

You can also read about this topic in their paper Declining Profit Margins, Rising Recession Risks available by clicking this link.