A soft landing could be coming, according to John Chang, senior vice president, national director of research and advisory services at Marcus & Millichap.
"Although many people believe that the variety and strength of the headwinds mean we're in a recession, and although there are definitely some challenges, the consensus belief among economists is that we are not in a recession," he said.
In fact, more economists are embracing the idea of a soft landing, or at least pushing back the timeline of a prospective recession into late 2023 or 2024.
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