Are We Heading Into A Recession In 2024au

Are We Heading Into A Recession In 2024au. Using the sahm rule, which defines a recession as when the quarterly average of the unemployment rate rises by at least 0.75 per cent above its minimum over the previous. Australia’s economy may be on the way towards a recession, according to a deloitte report.

Some analysts predict australia is facing a 50 per cent chance of a recession in the next 12 months. Will australia face a recession in 2024?