Are We Still In A Recession 2024. Slowing consumer spending could be. More than half of americans believe that we are in a recession, according to a survey released wednesday, the latest evidence of the dissonance between the.

Us inflation, which peaked at 9.1% in june 2022, fell slightly from 3.4% in december to 3.1% in january, still above the target of around 2%. The uk and japan are both technically in a recession after suffering two consecutive quarters of negative growth.