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Why Debt-Fueled Growth Means a 2025 Hard Landing, Chief Economist Says

Why Debt-Fueled Growth Means a 2025 Hard Landing, Chief Economist Says

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  • The US will keep growing for several quarters, but 2025 will see a hard landing, Apollo’s Torsten Slok told Bloomberg TV.
  • Debt is fueling the growth, and both consumers and corporations are already feeling distress.
  • These problems will come to the forefront when unemployment starts to meaningfully rise.

The US economy will stay afloat through the next few quarters, but growth drivers…

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