No US Recession coming in 2024 – labor market returning, inflation easing
Reuters 2/6 (Reuters, news organizations, with specific beats like finance, politics, or international news. “Deutsche Bank no longer expects U.S. recession in 2024,” 2/6/2024. Accessed 6/29/2024 https://www.reuters.com/markets/us/deutsche-bank-no-longer-expects-us-recession-2024-2024-02-06/) IL TG
Deutsche Bank no longer expect the U.S. economy to tip into recession this year, given cooling inflation and the labor market returning to a "better balance" without unemployment rising significantly.
The brokerage earlier expected the economy to enter a mild recession as the Federal Reserve tightened interest rates to tame inflation, narrowing the window for a soft landing.
Deutsche Bank said in a note on Monday that it now expects the U.S. economy to grow by 1.9% this year, on a quarterly average basis, compared with its prior forecast of 0.3%.