2024 Recession Forecast. On friday, gold shot up as much as 2.2% to a fresh record high, exceeding $2,500 per ounce. The global economy is perilously close to falling into recession, according to the latest forecast from the world bank.

It is further evidence the us economy may be in trouble. By the bureau’s definition, a recession is “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.”.