2024 Recession Prediction Meaning. In the team’s report, they reaffirm their longstanding view that the probability of a us recession is much lower than commonly appreciated — at just 15% over the next 12 months. Get predictions about home affordability, inflation, recession potential, consumer confidence and more.

The world economic forum’s latest chief economists outlook finds that just over half of chief economists anticipate the global economy to weaken this year. Global food and energy prices jumped last year as the war in ukraine led to reduced crop.