Us Economy Recession 2024 Forecast. For much of the last year, recession fears have been building against a sharp rise in interest rates and market uncertainty. If the economy is shrinking, the race for the white house in 2024 is likely to be even more toxic than expected.

There’s a 70% chance the us economy is either in a recession or headed toward one in the months ahead, according to bloomberg economics chief us. Incoming data over the last month continue to suggest that the us economy is likely not in a recession or on the cusp of one.