Is Australia Heading For A Recession In 2024. Previously unpublished internal research from the reserve bank estimates that australia's risk of recession over this year and next could be as high as 80 per cent. Economic growth will continue to slow throughout 2023 under the impact of rising interest rates aimed at curbing inflation but australia can avoid recession, according to cba.
Previously unpublished internal research from the reserve bank estimates that australia’s risk of recession over this year and next could be as high as 80 per cent. Australians are experiencing the longest per capita recession on record, with six straight quarterly declines and seven declines over the previous eight quarters.
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