Part 6/8:
The high borrowing costs may deter rapid growth in sectors like housing, but it indicates a foundational stability across the economy, reinforcing Zion’s assertions that a consumption-led recession is improbable.
Identifying Risks Beyond the Horizon
While Zion projected a relatively robust economy in the near future, he did caution that potential risks could emerge around 2032 and beyond. The two main concerns he highlighted include possible declines in consumption as Millennials age out of their current economic roles and the risks associated with a potential industrial bust.