Are We In A Recession 2024. In early 2023, with high inflation and rising mortgage rates, there was all but. Some experts predict high interest rates will take a toll on the economy, making a recession likely sometime next year.

While the signs of a global recession in 2024 are cause for concern, individuals and businesses can take proactive steps to mitigate the potential impact. While the risk of a global recession is lower in the year ahead, two g7 economies dipped into recession at the end of 2023.