Is Australia Heading For A Recession In 2024. The executive board of the international monetary fund (imf) concluded the article iv consultation 1.  — the workers likely to be hit if a new unemployment prediction comes true the forecast comes amid concerns among some economists that australia is heading towards recession.

However, growth is weakening on the heels of tighter macroeconomic policies and.  — commonwealth bank of australia on friday puts the odds of a recession this year at 50%, predicting growth to slow to an annual rate of 0.7% in the last quarter and jobless rate picking up to.