-more-->Stock markets are skittish, the yield curve has inverted, the student loan debt burden has more than doubled (to $1.5T) since the last recession, and mounting geopolitical tension is increasingly impacting the economy.
A new survey of economists found that three in four economists now believe we will tip into a recession by 2021, some believe we will see a recession as early as 2020. Regardless of specific timing, it’s clear that it’s less a matter of if we’ll see a recession soon and more a matter of when we’ll start to feel the impact.

Maxwell has published a report outlining nine ways lenders can prepare for a recession. They include:

• Understanding cost and profitability per loan
• Conduct a breakeven analysis
• Don't rely on volume as a quick fix for inefficiencies

Read the full report from Maxwell (PDF).