Is Australia Heading For A Recession In 2024. As australia’s economy slows, largely in response to higher interest rates, a key question is whether the country will fall into recession. Australia's economy grew by 0.1 per cent over the first three months of 2024 and 1.1 per cent over the year, according to the australian bureau of statistics (abs) national.
Most industry professionals anticipate australia is heading for a recession, according to a new survey. Rba governor michele bullock said she and the board “doesn’t believe” australia is heading for a recession.
