2024 Recession Forecast

2024 Recession Forecast. Now, more than half rank a recession scenario as most likely. By the time the recession begins, however, fed officials will be confident they are on the right path and will likely hold interest rates level through most of 2024.

Global growth is projected to remain unchanged in 2024 and strengthen modestly in 2025, with inflation returning to target in most countries by the end of 2025. The economy is ending 2023 in better shape than expected.