Recession Probability 2024 Worldwide. Higher inflation is one of the main reasons that the global economy is struggling. Goldman sachs has cut its probability forecast for a u.s.
The forecast for global growth five years from now—at 3.1 percent—is at its lowest in decades. Since then, the world bank has predicted a global recession for 2023, anticipating gdp growth of 1.7%, the slowest pace outside the 2009 and 2020 recessions since 1993.