Is The Us Headed For A Recession In 2024. In july, the federal reserve staff announced that they were no longer forecasting a recession in 2024, marking a sharp departure from earlier projections. The forecast among many economists for a recession in 2023 did not come to pass.
This would qualify as a “soft landing” after the inflationary. The latest conference board projections suggest that growth will hit an annual rate of 2.5% in 2024, on par with 2023, and fall to 1.7% in 2025.
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