Global Recession 2024. Higher inflation is one of the main reasons that the global economy is struggling. Many economists, including federal open market committee (fomc) members, anticipate a soft landing for the u.s.

Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. As in april, we project global inflation will slow to 5.9 percent this year from 6.7 percent last year, broadly on track for a soft landing.