Recession 2024 Update

Recession 2024 Update.  — in a market release to the asx about its looming full year results on september 26, premier said global retail sales for the 2024 financial year would be $1.6.  — the world economic forum’s latest chief economists outlook finds that just over half of chief economists anticipate the global economy to weaken this year.

 — economists predict a potential recession in 2025 and expects the federal reserve to cut interest rates starting in september.  — the proximate cause for the selloff was the weak jobs report which rekindled fears of recession.