The latest “Credit Currents” episode is now live. Mark Zandi, Chief Economist at Moody’s Analytics, and Atsi Sheth, Chief Credit Officer at Moody’s Ratings, come into the studio to unpack the K-shaped economy — and why growth is increasingly being driven by higher-income consumers even as lower-income households face mounting pressure from essentials. Watch the full episode now on Moodys.com, YouTube, and all podcast platforms. Related Research: •Global Macro Outlook (May 2026 Update) - Global energy market stress weighs on growth prospects (https://www.moodys.com/research/Global-Macro-Outlook-May-2026-Update-Global-energy-market-stress-weighs-Outlook--PBC_1478691) •The State of the Consumer (March 2026) – US - Higher energy prices and a narrowing consumption base pose risks to spending (https://www.moodys.com/research/The-State-of-the-Consumer-March-2026-US-Higher-energy-Sector-In-Depth--PBC_1475414) •The State of the Consumer (May 2026) – Europe - Middle East conflict will weaken consumer confidence and nascent economic recovery (https://www.moodys.com/research/The-State-of-the-Consumer-May-2026-Europe-Middle-East-Sector-In-Depth--PBC_1475528) •Geopolitical Risk – Global - Prolonged Strait of Hormuz disruption through autumn broadens credit stress (https://www.moodys.com/research/Geopolitical-Risk-Global-Prolonged-Strait-of-Hormuz-disruption-through-autumn-Sector-In-Depth--PBC_1482861#290612199861c31d1036b185b4e69b75) © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.

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