2024 Recession Risk. Previous estimates by bloomberg economics show the chance of a us recession by the start of 2024 is roughly three in four. After global growth exceeded expectations in 2023, businesses’ perceived probability of a global recession has fallen substantially in 2024, according to oxford economics data.

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. Energy, inflation crises risk pushing big economies into recession, oecd says.