Will There Be A Recession In 2024 Australia. Australia’s recession risk has increased sharply throughout the middle of 2024 as the economy cools and inflation is still not under control. The good news is there are several reasons to think australia might be able to escape a global slide into.

On the balance of probabilities, 2024 should be a lot tougher than 2023. Rba officials say that, at this point, they still have confidence australia can avoid a recession.