Us Economy Recession 2024 Forecast. The us economy and equity markets performed far better in 2023 than had been expected by the consensus, which had projected a recession. In early 2023, with high inflation and rising mortgage rates, there was all but a consensus that the united states would experience a recession by the end of the year.

Gdp growth to slow, not plunge, in 2024. In california, the forecast narrative remains much the same.