Recession In 2024 World Economy. That outlook is based on our economists’ prediction for strong income growth (amid cooling inflation and a robust job market), their expectation that rate hikes have already delivered their biggest hits to gdp growth, and. The world bank’s latest “global economic prospects” report predicts that global growth will slow to 2.4% in 2024 before edging up to 2.7% in 2025 (figure 1.a).
I had previously predicted a recession, of mild magnitude, beginning in late 2023 or early 2024. That might be a reason to.