2024 Recession News

2024 Recession News. Economy continued to decline in january but importantly it is no longer signaling a recession in 2024, reflecting an economy outperforming expectations. But while inflation has cooled, progress has been choppy and inconsistent.

Surprising strength in the household sector and increased government spending hauled the economy over the first quarter finishing line. Gross domestic product (gdp) for the march quarter grew at 0.1 per cent.