Global Recession In 2024. Geopolitical tensions have become the single most important risk confronting the global economy (figure 2.a). Supply chain disruptions are unwinding, while dislocations to energy and food markets caused by the war are receding.
Economists predict another year of slow growth around the world in 2024. Global inflation is forecast to decline steadily, from 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 percent in 2025, with advanced economies returning to their inflation targets sooner than emerging market and developing economies.