CNBC's Andrew Ross Sorkin joins Shep Smith to discuss Deutsche Bank's call that the U.S. will see a recession in 2023. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV...(read more)
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Deutsche Bank, one of the largest financial institutions in the world, has recently made a bold prediction: a global recession may be coming in 2023. This prediction is based on several factors, including the ongoing COVID-19 pandemic, rising levels of debt, and increasing geopolitical tensions. These issues have all contributed to an uncertain economic outlook and could lead to a significant economic downturn. One of the primary drivers of this potential recession is the pandemic. Despite the rollout of vaccines in many countries, the virus continues to spread and mutate, leading to new variants that are more infectious and potentially more deadly. This ongoing threat to public health has led to significant disruptions in economic activity, particularly in the travel and hospitality industries. Additionally, the pandemic has led to a significant increase in public debt levels. Governments around the world have spent trillions of dollars on emergency relief programs to support individuals and businesses affected by the pandemic. While these programs have helped to mitigate the economic impact of the pandemic, they have also led to increased debt levels that could become a significant burden in the future. Finally, geopolitical tensions between major powers such as the US and China could also contribute to a potential recession. These tensions could lead to trade restrictions, sanctions, and other economic measures that could have a significant impact on global trade and economic growth. Despite these challenges, there are some reasons for optimism. The global economy has shown resilience in the face of significant challenges in the past, and there are several positive developments on the horizon, such as the continued development of renewable energy technologies. However, it will be important for governments and businesses around the world to take proactive steps to address these challenges and mitigate their impact. This could include investments in infrastructure, education, and technology, as well as policies that promote sustainable economic growth and job creation. Only time will tell if Deutsche Bank's prediction comes to pass, but one thing is clear: the global economy faces significant challenges in the coming years. By taking proactive steps to address these challenges, we can help to ensure a more stable and prosperous future for all. https://inflationprotection.org/deutsche-bank-predicts-economic-recession-in-2023/?feed_id=91778&_unique_id=6449c48410b18 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #eveningnews #news #newsstation #newswithshepardsmith #shepardsmith #stockmarket #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #eveningnews #news #newsstation #newswithshepardsmith #shepardsmith #stockmarket #usnews #worldnews
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