Recession 2024 Usain. Despite our expectation that the recession ends in q4 2023, inflation remains a lagging indicator of the broader economic trend, and we expect disinflationary shocks to persist into 2024. Higher interest rates and a recession amplify us borrowing costs.
Employers have slowed hiring, adding an average of about 170,000 jobs each month for the last three months, and just 114,000 in july, versus 267,000 a month in the first. Growth expectations across the us and middle east and north africa have weakened too, and now about six in 10 foresee at least moderate growth in 2024 (down from.
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