And right now the firewall is holding firm," said Mark Zandi, chief economist at Moody's Analytics.

Source: https://www.lpm.org/news/2023-04-27/the-u-s-economy-is-losing-steam-bank-woes-and-other-hurdles-are-to-blame

Borrowers reducing spending in other areas to pay their loans could reduce economic growth in terms of gross domestic product by “a couple of tenths of a percent,” said Mark Zandi, chief economist at Moody’s Analytics.

Source: https://fortune.com/2023/06/21/student-loan-cliff-payments-restarting-could-spur-recession/

Colorado Springs midfielder Zach Zandi takes a tumble during the Switchbacks game against San Antonio FC.

Source: https://gazette.com/sports/swichbacks-draw-with-mls-side-chicago-fire-in-third-preseason-game/article_fa01be38-aa6e-11ed-b36f-4f7042ce108a.html

Continued strength in the labor market due to “labor hoarding” is another reason why the economy could avoid a serious downturn, according to Zandi.

Source: https://fortune.com/2023/06/21/5-reasons-why-no-recession-soft-landing-economy-mark-zandi-moodys/

Zandi said he expects the U.S. economy will "skirt" a recession this year, though many economists believe a downturn will come.

Source: https://www.startribune.com/state-of-the-union-biden-sees-economic-glow-gop-sees-gloom/600249092/