As we approach the end of 2021, there is a growing concern among economists and financial analysts about the possibility of a recession hitting the global economy in 2024. Renowned economist David Rosenberg has been vocal about his predictions for an economic downturn in the near future, citing various factors that are pointing towards a potential recession.
One of the key reasons for Rosenberg’s pessimistic outlook is the current state of the global economy. While many countries have seen a strong recovery following the economic downturn caused by the COVID-19 pandemic, there are still lingering challenges that could derail this progress. High levels of government debt, inflationary pressures, and supply chain disruptions are just some of the issues that could impact economic growth in the coming years.
In addition, Rosenberg has also pointed to the looming threat of rising interest rates as a potential trigger for a recession. The U.S. Federal Reserve and other central banks around the world have signaled their intention to begin tightening monetary policy in response to rising inflation. This could lead to higher borrowing costs for businesses and consumers, which could in turn dampen economic activity and lead to a slowdown in growth.
Another factor that could contribute to a potential recession in 2024 is the impact of geopolitical tensions on the global economy. The ongoing trade war between the United States and China, as well as conflicts in other regions such as Ukraine and the Middle East, could disrupt global supply chains and create uncertainty for businesses and investors.
While Rosenberg’s predictions are worrisome, it is important to remember that economic forecasting is an inherently uncertain science. There are many variables that can influence the direction of the economy, and it is impossible to predict with certainty when a recession will occur.
That being said, it is clear that there are a number of potential risks on the horizon that could impact economic growth in the coming years. It will be important for policymakers and businesses to remain vigilant and adapt to changing market conditions in order to mitigate the potential impact of a recession in 2024.
In the next part of this series, we will delve deeper into the specific factors that could contribute to a potential recession in 2024 and explore potential strategies for navigating these uncertain economic times. Stay tuned for more insights from David Rosenberg on the future of the global economy.
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There’s a high probability of a recession this year. Even the Fed admitted in the last FOMC meeting previous year. It could materialize once rates go down.
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon.
Predicting market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
A great economist who is almost always wrong with his calls. I’m better off listening to my 5 year old niece and will do better with my money.
Always enjoy listening to your perspectives David. Thank you.
Since the Democrats took office, my height,my hair and my finances have been receding… I'd say we're in a recession!!
Is this guy still around???
Here is an idea get to the point. WTF. Soft landing this guy is boring
I can’t believe how many times he has been wrong. Jan 23, 2023
Interest rates will come down
After months of rising interest rates, Rosenberg said rates are going to come down quite a bit. Financial Post.
Sorry wrong again. Rates remained high all year.
I could write a book why his money predictions are almost always wrong. Making a 12 month guess in the future is joke and David proves this.
OK, so where exactly do we put cash for the next few quarters? Which low fee ETFs or funds?
I am not convinced on the certainty of fiscal reduction in 2024. Nothing has restrained the insanity so far…. This may be our Venezuela moment.
David Rosenberg brings experience and common sense to the discussion; market cycles have not been repealed no matter how much wishful thinking is spewed out by the CNBC stock brokers
A recession for who the rich middle or the poor I’ll tell I that the middle and poor are already feeling a recession
Mr. Rosenberg has been wrong for years, the bull market is a long one. No recession is on the horizon. The year will be closing at up side without any doubt.
I fell asleep at 2:33