Recession 2024 Usa Latest News 2024. Wall street plunged as fears of a us recession, following weak jobs data, sent shockwaves through global markets. The economy is flashing a recession signal that's been seen only 4 times in the past century, veteran economist steve hanke says.
Economists increased the probability of a us recession in the next year to 25% from 15%, but said there are several reasons not to fear a slump even. The latest federal reserve economic projections suggest that growth will rebound to an annual rate of 2.1% in 2024, but accelerating growth may prove difficult unless the fed can cut interest.
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