The onset of a potential recession in the U.S. economy has been postponed to early 2024, according to a revised outlook by Deutsche Bank. This adjustment significantly softens their previous prediction of an imminent recession, suggesting a more gradual increase in unemployment and a possible “soft landing.” This update comes amid other indicators pointing to an economic slowdown, such as surging oil prices, the resumption of student loan payments, tighter bank lending standards, and a global downturn led by China’s real estate crisis.
On Monday, economists at Deutsche Bank revised their economic forecast, expressing less pessimism about the immediate future. They now anticipate a recession beginning in early 2024 instead of late 2023 and predict that unemployment will peak at 4.6%, compared to their previous estimate of over 5%. The current unemployment rate stands at 3.8%…
