10 reasons why the recession that Wall Street predicted to death never showed up

• 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.

But more than six months into 2023, there’s still no sign of the much-predicted output contraction. If anything, things are looking pretty upbeat – inflation is rapidly cooling, the job market is holding up, unemployment has hit rock bottom and stocks are ebullient.