Are We Heading Into A Recession In 2024 Olympics. That’s why some economists are pleading with the fed to ease up its inflation fight—before high interest rates, which it’s used to tame surging prices, grind the us economy into a recession. Some experts say to brace for a recession in 2024 — while others say not to sweat it.

That’s the broad consensus for the economy among experts as we head into 2024. And while canada’s economy is weaker than the u.s.’s, our strong labour market should reduce the effects of any economic downturn.