The future of the economy remains uncertain, and there is no definitive answer to whether the recession will continue in 2024.
Rising interest rates and potential slowdown in major economies like China could impact growth in 2024, but not cause a full-blown recession.
Economists predict that the harshest recessionary pressure had passed by 2023 due to lower inflation, paused interest rate, and a robust labor market.
Consumer spending and investment point to moderate growth, while slower than the excellent performance in 2023.
Overall, the global economy is expected to slow in 2024, which may have an impact on exports and foreign investment.
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