After roughly nine months of decline that led NACM’s Credit Managers’ Index close to contraction territory, the index seems to be on an upswing. The CMI improved for the second consecutive month in March with a 1.1-point jump to 53.5—its best reading since September.
However, the scale of severity for a recession is pretty large, with some thinking it will be short-lived while others expect a 2008-level financial crisis.