Us Economy Recession 2024 Usa. Slip into a recession in 2024. The model's leaning says a recession could officially be declared in 2024, starting in late 2023.
The most widely accepted definition of a recession is two consecutive quarters of declining gdp. Forecasters expect the economy to grow 1.6% this year, up from their estimate of 1.3% in december and 0.8% as recently as.