Source image thanks to AFR / PwC
Big Data is revealing that Australia is experiencing multiple small recessions, thanks to a Report by Rob Tyson, Economics & Policy at PWC. It has taken Rob 18 months to collate and cleanse this data which is no easy task.
Close to $1 in every $5 of national income is being produced by 10 locations out of a total of 2214 locations. That's not even 1/2 % of that total sum.
The report finds that from social and geographical point of view it is very unbalanced and poses grave risks to other locales in Australia for the cloudy future.