What are companies telling us about recession risks?

Inflation is still frequently mentioned in corporate discussions along with wages and supply chains. But companies are increasingly turning their attention to the risk of a recession and fears of recessions have never been so high. How do we know this? Working with the experts in our Data Insights Unit (DIU), we have used natural language processing (NLP) to analyse thousands of earnings transcripts. Transcripts are written text of what was talked about by publicly-listed US companies during earnings calls.