Australian Recession 2024. Recent volatility in financial markets has the potential to affect financial conditions including through its impact on the australian dollar, which has already depreciated of late. Economic modelling by a senior analyst at the rba in september 2022 put the odds of an australian recession at up to 80 per cent.

Economists have warned australia could soon be heading toward a recession. Forecasts of key economic parameters that reflect australia’s likely economic conditions.