Global Recession 2024 Predictions. Washington (ap) — hobbled by high interest rates, persistent inflation, slumping trade and a diminished china, the global economy will slow for a third consecutive year in 2024. This is weaker than seen in the decade before the global financial crisis, but close to currently estimated potential growth rates in both.
A majority (86%) of chief economists are optimistic that. Continued high interest rates could lead to global recession.