Recession 2024 Australia. Surprising strength in the household sector and increased government spending hauled the. Australia's economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus.

Australia’s population growth rate was 2.4% in the year to june 2024, as illustrated below: The charts show the evolution of key macroeconomic variables over hard and soft landing episodes, as well as for the current.