2024 Recession Forecasting Meaning. What advisors need to know about inflation, recession, and the 2024 economic forecast. Measured on a q4/q4 basis, real gdp is seen sliding from 2.8 percent in 2023 to only 0.7 percent in 2024 before inching upward to 1.8 percent in 2025.

My judgment call remains that the recession will begin in the first half of 2024, or possibly late in 2023. I had previously predicted a recession, of mild magnitude, beginning in late 2023 or early 2024.