Will We Go Into A Recession In 2024 Olympics. A correction is a market drop of at least 10% from a recent high, which typically occurs about once a year. “if there's a serious second wave as businesses reopen, then we’re going back into recession — and this period will go down as a depression. but there are some important distinctions.

Economy will go into recession, possibly as soon as the third quarter of this year, but more likely slightly later. Updated 6:45 pm edt, fri july 26, 2024.