Recession 2024 Update. Here’s what financial advisors need to know about economic conditions and how to support clients in 2024. Elevated central bank rates to fight inflation and a withdrawal of fiscal.

Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Economy emerged from the pandemic even more quickly than previously reported, revised data from the federal government.