Just 16,000km apart – Dec 18
Melbourne and Toronto may be ‘just’ 16,000km apart, but we managed to secure in-depth media coverage for the latest Source Global Research report in key publications, based in both of these cities.
First, using the biggest and most sophisticated model of the global consulting industry, Source’s annual ranking of the most attractive consulting markets (for consulting firm investment) in the world featured in The Australian Financial Review (AFR).
The AFR focused on its home market – which has seen it feature at the top of the rankings (with the UK) for having the biggest consulting market in the world relative to GDP. With growth of over US$1.25bn over the last five years, Australia now has a consulting market, relative to GDP, 10 times the size of those in China and Russia.
Toronto based, Canadian Accountant also focused on its home market, which, after experiencing healthy growth of 4.9% to reach a value of US$3.91bn in 2017, ranked joint 10th overall in the annual rankings. Canada’s consulting market also ranked fifth for the size of its market relative to GDP.
Edward Haigh, Director at Source Global Research, said in the AFR:
“Australia’s enormous consulting market, relative to GDP, continues to provide average returns that will only be bettered in DACH and the GCC. But its growth forecast for 2019 has taken a bit of a dip to reflect the export-oriented economy’s vulnerability to global trade tensions, current political instability, and next year’s general election.”