Are We Heading Towards A Recession In 2024. For much of 2024, it appeared the federal reserve had successfully. Dougherty predicted at a finance conference this week that while the worst of inflation is behind.

Some experts predict high interest rates will take a toll on the economy, making a recession likely sometime next year. Motor insurance premiums rose by an average of 21% in the second quarter of 2024 compared to the same period.