Deutsche Bank says U.S. economy will avoid recession
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 February 2024
⏱️ 1 minutes
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Summary
The bank is the latest to revise its economic forecast; $23 billion to be bet on Super Bowl game, gambling group says; GoFundMe hits $30 billion fundraising milestone; strong Mounjaro sales help Eli Lilly’s profit.
Transcript
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| 0:00.0 | For one bank a recession this year is not just less likely, it's unlikely. |
| 0:07.0 | I'm Novisafo with a marketplace minute. |
| 0:09.0 | That forecast comes from Deutsche Bank, which until today was predicting a mild recession. |
| 0:14.0 | Now it expects average quarterly growth this year of about 2%. |
| 0:18.5 | Economists have been revising their forecasts with most now putting the odds of recession at 50-50 or less. |
| 0:25.0 | Speaking of odds, the American Gaming Association estimates betters will wager |
| 0:29.6 | $23 billion on the outcome of Sunday's Super Bowl. |
| 0:33.5 | The group says legal outlets will see about $1.5 billion of that. |
| 0:37.6 | GoFund Me says it's now raised $30 billion globally since its funding in 2010. The most common donation amount was $50. |
| 0:45.0 | Eli Lillie reported fourth quarter profit of more than $2 billion. Nearly 25% of its |
| 0:51.2 | revenues came from Munjaro, a diabetes treatment also used for weight loss. |
| 0:56.6 | The drug's quarterly sales grew 65%. |
| 1:00.3 | I'm Novasafo with a marketplace minute. |
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