Eastern states in recession says Linfox CEO

In a speech to the American Chamber of Commerce in Sydney recently, Linfox CEO Michael Byrne stated that Eastern Australia is in a deep recession and manufacturing industries are ‘stuffed’ while WA continues to boom.

“It’s a parallel universe that bears no relation to anything else on this planet,” said Mr Byrne. “If you look at the world, Eastern Australia is in deep recession, in my view, as is New Zealand. If we didn’t have mining, Australia would be like Portugal, Spain, maybe Greece and Ireland.”

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