Is Australia Heading For A Recession In 2024. Major accounting firm deloitte says the private sector has entered an external hiring freeze as 100,000 australians are expected. Australia's economy grew by 0.1 per cent over the first three months of 2024 and 1.1 per cent over the year, according to the australian bureau of statistics (abs).

The afr should stop misleading its readers and be upfront about what it wants: The latest economic data suggests that australia’s economy has fallen deeper into recession, at least in a per capita sense.