Are We In A Recession 2024 Australia. Is australia headed for a recession in the near future?  — vanguard continues to expect that australia will just avoid a recession in 2024, with a forecast economic growth rate below trend at around 1%.

 — signs of a tough start to 2024 beginning to emerge.  — we expect australia to approach a soft landing in 2024, with gdp supported by strong population growth, resilient private consumption, and a tight labour market.