Recession 2024 2024au

Recession 2024 2024au. Similarly, the unemployment rate has risen in the year to date from 2.2% in january to 2.5% in august (fso). Conditions in the labour market could deteriorate by more than expected.


Recession 2024 2024au

Australia’s real per capita gdp in q1 2024 had also fallen to the same level as december 2021, meaning australians have experienced zero improvement for nine quarters. Australians are currently enduring their deepest recession since the early 1990s outside of the pandemic lockdowns.

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