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Housing, inflation, interest rates and more: What to expect in the 2024 economy

Posted on AllSides December 28th, 2023
From The Left
Spencer Platt / Getty Images file

A slowdown — but no recession.

That's the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck inflation — Americans should now expect a period of reduced business activity.

Yet while some economists believe the risk of a recession will remain, others think a "soft landing" is more likely. That oft-talked-about scenario is understood as a combination of milder inflation alongside slow-and-steady employment growth.

"There's more hope for it [a soft landing]...

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