Tech Insider
This is a photo of a US $100 bill with a red arrow pointing downwards in front of it.
The stock market could continue to tumble in the face of rising inflation and a recession.

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  • For months, markets and businesses have been bracing for a much-predicted US recession – which never showed up. 
  • And now, economists at UBS have compiled a list of 10 reasons why the downturn hasn't happened so far. 
  • Government spending, strong savings, and a resilient jobs market are among reasons the economy held up, the bank said. 

Since late 2022, a majority of big Wall Street names have repeatedly predicted a recession to hit the US economy this year.

Tags
Markets, MI Exclusive, Recession, recession prediction, recession outlook, US Economy and Markets, US economic outlook, Manufacturing, Services, ubs, UBS research, Investing Strategy, Economic Analysis, Interest Rates, Federal Reserve, Consumer spending, US consumer demand, credit conditions
Source
10 reasons why the recession that Wall Street predicted to death never showed up