Experian and Oxford Economics have just released the Q1 2022 Main Street report, a window into the credit performance of small businesses complete with macroeconomic analysis.
Highlights:
- The US economy contracted in Q1 for the first time since the pandemic-driven recession ended, but the domestic economy showed resilience in the face of Omicron, lingering supply constraints, and high inflation.
- Delinquency rates rose across the term periods; the 90+ days past due (DPD) climbed to 0.9 percent.
- Looking ahead, intensifying headwinds from more aggressive Fed tightening and tighter financial conditions will slow activity this year without stalling it.
Watch the Quarterly Business Credit Review Webinar
Hear the experts from Experian and the lead economist from Oxford Economics unpack the latest Main Street Report.
Watch the Quarterly Business Credit Review
