Global Recession 2024 Predictions. The economy is ending 2023 in better shape than expected. Global growth is projected to remain unchanged in 2024 and strengthen modestly in 2025, with inflation returning to target in most countries by the end of 2025.
Global inflation is forecast to decline steadily, from 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 percent in 2025, with. Most importantly, inflation is falling in much of the world and some central bankers have signaled likely interest rate cuts in 2024.
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