Will There Be A Recession In 2024 Australia
Will There Be A Recession In 2024 Australia. Commonwealth bank of australia on friday puts the odds of a recession this year at 50%, predicting growth to slow to an annual rate of 0.7% in the last quarter and jobless rate picking up to. Our quarterly statement on monetary policy sets out the rba s assessment of current economic and financial conditions as well as the outlook that the reserve bank board considers in making its interest rate decisions.
For an initial visual, the congressional budget office projects structurally high deficits forever. While we see the australian economy experiencing relatively lower growth in 2024, it will not necessarily lead to a recession.
