The Impending Australian Recession..

Australia is rapidly dividing into two economies..
1. The Mining sector plus those sectors the Government has been throwing taxpayers money at..
2. The other 90% of the economy - which is rapidly heading for a recession!
That first 10% of the economy (Mining Etc.) is doing so well that it distorts the financial and employment indicators.. Unemployment therefore seems normal and financial growth seems slightly positive. This 10% hides the fact that the other 90% is clearly in trouble and is actually in recession.