Are We Currently In A Recession 2024au. — a recession is coming in the u.s., and 'a few rate cuts' won't prevent it, says strategist. — australia’s population is sure to grow by more than 1.5% in 2024, so australians can look forward to a second consecutive year of recession.
— while there are no conclusive diagnostic criteria for determining when australia’s economy is in recession, there are guiding indicators. — australia technically avoided a recession in 2023, though living standards went backwards for most of the population.