Ripple effects of recent bank failures

We began 2023 grappling with worries of high and persistent inflation. Now we are looking at a new downside risk to the global economy: turbulence in the banking sector. Recent events have sparked a fear of contagion—and a crisis in confidence—especially in the US and Western Europe. How worried should we be? What comes next?  Our experts discuss the differences between now and the 2008 crisis, and dig into what this means for economic growth, sector health, and policy responses.  John Raines (moderator)Principal Global Risks Adviser and Head of North America, Economics & Country Risk, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/raines-john.html Ken Wattret Chief European Economist, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/wattret-ken.html Aries Poon Head of APAC Analysis and Insights, S&P Global Market Intelligence https://www.spglobal.com/marketintelligence/contributors/1446418/aries-poon Alyssa Grzelak Director, Banking Risk, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/grzelak-alyssa.html Chris VarvaresVP and Co-head of US Economics, S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/varvares-chris.html