Will There Be A Recession In 2024 Australia. Corporate leaders reckon inflation will linger, but say australia will avoid a recession in 2024. The first is a surge in net overseas migration, which has driven population growth up to an annual rate of 2 per cent.
Australia’s economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. On the balance of probabilities, 2024 should be a lot tougher than 2023.