Even prior to the COVID-19 pandemic economic growth within Australia has been decaying for decades despite:
Since 1988, trend growth had fallen fromto in 2021 despite the best efforts and all the power of the RBA & all layers of Government.
Prior to COVID this trend was still fromto in 2020.
Sadly, worse still, is the per capita GDP improvement trends as they are much closer approximation of the standard of living across the country.
This trend has fallen from around
Current estimates put this growth rate reaching 0 in only 12 years in 2033.
Prior to COVID this the data at the time showed a trend fromto in 2020.
Unquestionably this will bring pain to the country for a horrifically long time if not sufficiently addressed by all of us.
With an increasingly aging population, household debt maxed out and interest rates at all but 0%, all the money currently being given to the market should be enough to turn it around but it isn't.
So a new direction is needed to avoid:
N.B. Sadly this should be a complete doomsday scenario list but it is looking less and less crazy by the day for Australia given the current economic fundamentals.
Our contention is that by combining SaaS data, direct inputs from the workforce and numerous other data sources we can an optimisation engine can drive new productivity and economic growth.