Recession Fears 2024au. Recession fears in the us sends asx plunging as australian investors lose more than $100bn in one day. To be clear, the economy is not in recession right now.

The historical track record is clear. Employers added 114,000 jobs in july, gdp grew at a 2.8% annual rate last quarter, and the jobless rate is still only 4.3%, lower than in any month between june 2001 and may 2017.