NewsBite

Economists say population surge key to dodging a recession this year

Cecile Lefort

Australia’s economy will markedly slow but will dodge a recession this year thanks to surges in migration and government subsidies – in contrast to Europe and New Zealand, which are already in a downturn, or on the verge of one.

That’s the view from The Australian Financial Review’s survey of 40 economists, who suggest the local economy will slow to about 1 per cent by the middle of the year before rebounding to 2.1 per cent in 2025. All but one said there would be two consecutive quarters of negative growth, the technical marker for a recession.

Loading...
Cécile Lefort is a markets reporter based in the Sydney newsroom. Cécile worked in New York and Hong Kong writing about global capital markets. Email Cecile at cecile.lefort@afr.com

Read More

Latest In Debt markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/debt-markets/economists-say-population-surge-key-to-dodging-a-recession-this-year-20231228-p5etye