Recession 2024 Australia. The research papers were released under freedom of information laws. However, the oecd has downgraded its forecast for gdp growth in 2024, with the economy now only expected to grow by 1.3% over the calendar year.
Gross domestic product (gdp) for the march quarter grew at 0.1 per cent. The headlines were filled with predictions of an imminent recession in australia, but the economy has not fallen into a recession as predicted, at least not in the way most expected.