Recession 2024 2024au. Australians who have hit the pavement in search of a job recently might. Australia’s real per capita gdp in q1 2024 had also fallen to the same level as december 2021, meaning australians have experienced zero improvement for nine.
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). As of q1 2024, australia’s gdp in per capita terms had declined by 1.3% following five consecutive quarterly declines: