The Calm before the Storm in Financial Institutions

In this economic discussion, Pedro Maya likens the current state of the economy to an iceberg, with visible signs of impending turbulence. Despite the unease, individuals continue their spending habits. Corporations, especially major banks, are acknowledging rising risks within their portfolios and are taking proactive measures by allocating additional provisions. This preparation aims to cushion the impact of anticipated loan defaults, shedding light on the cautious stance these institutions are adopting.

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