Major Bank That First Predicted US Recession Says New Developments Mean It Will Be Even 'More Severe'

A major global bank that predicted the U.S. was heading for a recession has made an even bleaker forecast for the nation’s economic future.
Deutsche Bank said Friday that the recession it predicted is coming sooner and will hit harder, according to Business Insider.
“More than two months ago, we forecasted that the US economy would tip into a recession by end-2023,” Deutsche’s team, led by chief US economist Matthew Luzzetti, said in a note issued by the German bank.
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