Recession 2024 2024au. Given that australia’s population grew by 2.4% in the year to june 2024, these projections imply that the per capita recession will drag well into next year—an. Surprising strength in the household sector and increased government spending hauled the.

Under both scenarios, however, 2024 will remain a challenging year for the cohort of borrowers already experiencing acute budget pressures (see 4.1 focus topic: Australian growth is expected to slow to 1.5% with very weak, possibly mild recession.