Recession In 2024 World Economy. Global growth was 3.2 percent in 2023 and is expected to remain at that level both in 2024 and 2025. The world economic forum’s global risks report 2024 reveals in which parts of the world risks like recession, conflict or the climate crisis are ranked the highest.
While the risk of a global recession is lower in the year ahead, two g7 economies dipped into recession at the end of 2023. The world economic forum’s latest chief economists outlook finds that just over half of chief economists anticipate the global economy to weaken this year.