The US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis, economist David Rosenberg says

• There's an 85% chance the US economy will enter a recession in 2024, according to economist David Rosenberg.
• Rosenberg highlighted a relatively new economic model that has proven to be more timely than the yield curve indicator.
• "Our conviction that the recession has been delayed but not derailed is still running at a high level," Rosenberg said. 

A recession is likely to hit the US economy in 2024, according to a new economic model highlighted by economist David Rosenberg.

Utilizing what Rosenberg calls the "Full Model", the economic indicator suggests there is an 85% chance of a recession striking within the next 12 months.

That is the model's highest reading since the Great Financial Crisis in 2008.