Interest Rates 2024 Australian Government. The australian economy is forecast to grow solidly over the second half of 2022, before slowing next year as higher consumer prices, rising interest rates and declining housing prices weigh on growth. As australia eagerly awaits a possible interest rate cut, the big question is just how much financial pressure households can bear.

Gdp growth is forecast to be 3 per cent over 2022 and then 1½ per cent over 2023 and 2024 (table 5.1). It said that while inflation had.