2024 Recession Forecasting Love. Initially predicting a recession in the first half of 2024, recent strong growth indicators like job additions, cpi increase and robust retail sales shifted the forecast to the second. The 2024 slowdown will probably not be recession, though that’s certainly a possibility.
Now we love to look at 3/12s, 12/12s, get that quarter over quarter year over year, but i did want to call out also the 1/12 rate of change. The fred graph above shows a data series that has been.