Global Recession 2024. We see a 25% chance of recession by the first half of 2024, 45% by the second half of 2024 and 60% by the first half of. “the world may soon be teetering on the edge of a global recession, only two years after the last one”.
This time the recession lasted officially one year and four months as gdp retracted 2.7% and unemployment peaked at 10.8%. 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.