Phoenix Lending Survey Results Reveals Supply Chain
PHILADELPHIA, Dec. 09, 2021 (GLOBE NEWSWIRE) — From the fourth quarter Phoenix Management “Lending Climate in America” survey results reveals supply chain constraints are the biggest concern for the U.S economy as we enter 2022.
COVID-19 has amplified the carrier shortage causing major supply chain issues. There is concern that the holiday season will worsen the economic situation. The majority of lenders, 71%, believe supply chain disruptions will lead to lower consumer spending and delay economic recovery. Twenty-nine percent of lenders believe as consumers learn to navigate this post-pandemic environment, holiday spending will keep the economic recovery constant to offset the supply-chain impact.
Phoenix’s Q4 2021 “Lending Climate in America” survey asked lenders what they expect to be the biggest challenge for borrowers heading into 2022. Half of the lenders surveyed, 50%, believe supply chain constraints will be…
