Is There A Recession Coming In 2024. In july, the federal reserve staff announced that they were no longer forecasting a recession in 2024, marking a sharp departure from earlier projections. Bnnbloomberg.ca spoke with economists who said they are expecting a downturn in early 2024 followed by a rebound later in the year if the bank of canada.
The bank’s economists had been forecasting a recession since the middle of 2022. Employers have slowed hiring, adding an average of about 170,000 jobs each month for the last three months, and just 114,000 in july, versus 267,000 a month.