Countries In Recession 2024 Map. Fitch has revised up its forecast for global growth in 2024 by 0.2pp, with a 0.9pp increase in the us to 1.2% (with recession now avoided) outweighing a 0.4pp cut. After a rapid series of interest rate increases to tame inflation, the central banks of the us, uk, and eurozone have paused rate hikes.
This graphic shows global gdp growth projections in 2024, based on the international monetary fund october 2023 outlook and january 2024 update. In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023.