2024 Recession Prediction Meaning. The report examines the effects of monetary policy,. Morgan research forecasts a challenging macro backdrop for equities in 2024, with lackluster earnings growth, geopolitical risks and expensive valuations.
A recession is a significant decline in economic activity across the economy, lasting more than a few months. The global economy is expected to remain uncertain and volatile in 2024, with geoeconomic fragmentation, inflation and trade tensions as key challenges.