Likelihood Of Recession In Australia 2024.  — vanguard continues to expect that australia will just avoid a recession in 2024, with a forecast economic growth rate below trend at around 1%.  — australia emphasizing that it will be some time yet before inflation is sustainably in the target range, the reserve bank of australia (rba) on august 6 left its.

 — australian treasurer jim chalmers in western australia, september 2, 2024.  — australia technically avoided a recession in 2023, though living standards went backwards for most of the population.