Chances Of Us Recession In 2024. Nov 16, 2023, 3:03 am pst. Previous estimates by bloomberg economics show the chance of a us recession by the start of 2024 is roughly three in four.
The reason interest rates remain so high is that inflation surged in 2021 and 2022 and has been slower to fall than it was to rise. In early 2023, with high inflation and rising mortgage rates, there was all but a consensus that the united states would experience a recession by the end of the year.
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