BofA's Harris Sees Signs of Recession in US Retail Data

The transcript discusses the current economic situation, focusing on GDP estimates and data consistency. It highlights concerns about a potential recession, noting fundamental economic weakening and issues in the banking system. The speaker predicts a mild recession in the third quarter, emphasizing the need to monitor economic trends closely.

What impact did the banking system's issues have on lending according to the text?

What is the predicted timeline for the economy sliding into a mild recession?