Are We In A Recession 2024 Predictions. Global growth is projected to be in line with the april 2024 world economic outlook (weo) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. The economy has repeatedly defied predictions of a downturn since the pandemic recovery began.

Some think a recession is likely in 2024. In early 2023, with high inflation and rising mortgage rates, there was all but a.