Supporting your borrowers through an economic downturn

by Joan Cleveland, SWBC LenderHUB

After two years of navigating disruptions to the economy following the COVID-19 pandemic, experiencing historic highs and lows in the labor market, cleaning up a global supply chain mess, and making recovery gains, it would be nice if we could enjoy a period of relative calm.

Unfortunately, the conflict between Russia and Ukraine seems to be steering the economy in the other direction.

Here are five signs we’re headed toward a period of increased economic uncertainty in 2022.

1. Conflict Between Russia and Ukraine

The Russian invasion of Ukraine began on February 24, 2022, and could have far-reaching impacts on the American economy, which is already trying to recover from the effects of the COVID-19 pandemic.

 

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