UK, Japan Officially Declare Recession; US Economy’s Decline in 2024 | To Affect Global Economy?

Just two months into the Year 2024, some of the world’s biggest economies have stumbled into recession. While Japan and the United Kingdom have officially declared on Thursday that their economies likely weakened during the final quarter of 2023, the United States also keeps chugging along. Though for the UK and Japan, this would be the second straight quarter of witnessing a declining economic graph, for the US, as suggested by economist David Rosenberg’s economic model- “recession would likely hit in 2024”.

by Editor Ritam English

Feb 16, 2024, 04:50 pm IST