A Recession In 2024 Effects On Economy. The world economic forum’s global risks report 2024 reveals in which parts of the world risks like recession, conflict or the climate crisis are ranked the highest. Economy is strong by all objective measures, with low unemployment, robust gdp growth, and easing inflation.
Un trade and development (unctad) forecasts global economic growth to slow to 2.6% in 2024, just above the 2.5% threshold commonly associated with a recession. In its global economic prospects report in january, the world bank said risks of a global recession in 2024 had receded thanks to the us economy performing better than expected in 2023.
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