Recession Probability 2024 Worldwide. The baseline forecast is for the world economy to continue growing at 3.2 percent during 2024 and 2025, at the same pace as in 2023. Services inflation is holding up progress on disinflation,.
The international monetary fund (imf) forecasts a slight decline in global growth to 2.9% in 2024, down from 3% in 2023. The uk slipped into a recession in the fourth quarter of 2023, with gdp falling 0.3%, following a 0.1% contraction in the second quarter.
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