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Economist Anticipates Looming Recession, Predicting a Prolonged Downturn

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Days after Silicon Valley Bank failed, Apollo Global Management APO +2.00% Chief Economist Torsten Sløk turned bearish on the economic outlook, flipping from a “no-landing” scenario to expectations of a longer and deeper slowdown than markets anticipate.

Sløk, who worked at the International Monetary Fund earlier in his career, is a veritable walking encyclopedia of economic statistics. On Wall Street, he is known for missives to clients about his near- and long-term economic views, derived from an analysis of government and industry data and academic research—footnotes included.

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