Economic Recession In 2024. Geopolitical tensions have become the single most important risk confronting the global economy (figure 2.a). Aweak jobs report in america has raised fears that the world’s largest economy is heading for recession.

Economists increased the probability of a us recession in the next year to 25% from 15%, but said there are several reasons not to. I had previously predicted a recession, of mild magnitude, beginning in late.