Likelihood Of Recession In Australia 2024. Australia’s population is sure to grow by more than 1.5% in 2024, so australians can look forward to a second consecutive year of recession. Australia technically avoided a recession in 2023, though living standards went backwards for most of the population.
Australia’s recession risk has increased sharply throughout the middle of 2024 as the economy cools and inflation is still not under control. Advertisement “in a shallow recession scenario, we would expect house price growth.
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