Despite a better-than-expected earnings season, Wall Street economists still expect the U.S. to enter a recession this year. According to FactSet, the blended earnings decline for the S&P 500 is -2.1%, significantly better than the expected decline of 6.7%.
Economists at Deutsche Bank, who were the first first to forecast the U.S. recession early last year, still expect the recession to play out in the closing months of 2023.
Read More : Deutsche Bank and Wells Fargo Anticipate Onset of US Recession in Q4 2023