2024 Recession Prediction Meaning. 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. Economy is in a recession.
But while inflation has cooled, progress has been choppy and inconsistent. While the risk of a global recession is lower in the year ahead, two g7 economies dipped into recession at the end of 2023.