Recession 2024 Usa Latest News 2024. It's the latest sign of caution around america's economic health. The us leading economic index (lei) fell by 0.5% in november 2023 indicating an unprecedented 8% contraction this year signalling an increased likelihood of a recession in cy 2024.

The us economy is headed for a recession in the middle of 2024, citi’s chief us economist said. That means past hikes, which began two years ago, could still ultimately tip the economy into a recession.