Today’s PMIs suggest that firms weathered the cash crunch well and, with interbank rates now dropping back, it may appear that the crisis has passed. But a slowdown in credit growth and greater uncertainty among firms about the ease of access to credit will weigh on the economy in the months ahead.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services