Orlie Prince and Nicole Serrano from the US local government team discuss how most of the country’s 25 biggest cities are adequately prepared for a recession after using the 10-year economic expansion since the last downturn to strengthen their finances while curbing rises in leverage and fixed costs.
Dominic Simpson from the Insurance team explains how a changing product mix, relatively conservative investment portfolios and solid regulatory capital can offset the effects of low interest rates on both profitability and economic solvency.
Lisa Goldstein and Dan Steingart from the US Public Finance team discuss the change in outlook for the not-for-profit healthcare sector to stable from negative. Stronger revenue growth, largely owing to Medicare reimbursement increases, supports the improved conditions in the sector.