Recession 2024 Update

Recession 2024 Update. Despite their relative positivity, respondents also believe a recession seems increasingly likely (exhibit 2). For advanced economies, the slowdown will.

Receipts from individual income taxes are projected to total $2.4 trillion (or 8.6 percent of gdp) in 2024 and rise to 9.7 percent of gdp by 2034. Global growth remains steady at 3.2 percent this year, unchanged from our april world economic.