Us Recession 2024 News Update. Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high debt weigh on economic activity. However, notable revisions have taken place beneath the surface since april 2024, with upgrades to the forecast for the united states offsetting.
Turkey’s economy sank into a recession over the summer, with economic activity squeezed by high interest rates as the country’s central bank sought to tame inflation. 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.