In this episode, Michael Ryan, Associate Director at IHS Markit, discusses the current financial picture as well as the financial outlook for the U.S. manufacturing sector. Mike also compares the financial picture in U.S. manufacturing to that of non-manufacturing. Amidst rising fears of a recession, he assesses the preparedness of US corporate balance sheets for an economic downturn and identifies the industries that would have financial difficulty in a recession. After comparing the U.S. non-financial corporate balance sheet and U.S. manufacturing sector balance sheet to the balance sheets in a range of countries around the world, Mike discusses the global interest rate dynamic.
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