I don't think anyone here knows what an actual recession looks like
Australia has historically avoided technical recessions better than most advanced, first-world economies. We famously missed the 08 GFC but some people here act like we were in the trenches cause house prices dipped maybe 10% lol. COVID did cause a 7% GDP contraction but government intervention and the 0.1% cash rate caused things to rebound very fast, GDP returning to pre-pandemic levels by early 2021 which surpassed most of our global peers.
I think just we have a very sheltered view of what a recession/financial crisis is. My mum is from Ireland which got hit HARD in the GFC, I've heard horror stories from her and her family. Insane levels of unemployment, wage decreases, increased levies/taxes, owing millions more on the mortgage than what homes were worth as prices plummeted etc. Pretty much everyone was forced to leave the country to continue making a living. This wasn't limited to Ireland obviously, it happened throughout Europe and the US etc.
I'm not saying things need to get as bad here for us to worry about a recession and there have been things worth worrying about like rising commodity prices, house prices, cost of living are all valid concerns. But, I just can't help but think of how good we have it here, especially when hearing what happened in other countries. If shit actually does hit the fan here, we're in for a very rude awakening.