Our Visualisation Project will revolve around the much publicised Global Financial Crisis (GFC). Widely believed to have spanned roughly four years (2006-2009), the GFC was considered by many economists to be the worst economic recession since the Great Depression of 1929. Australia was considered to have emerged from this global crisis relatively unscathed. Our team would like to visually represent just how well Australia fared compared to five of the most powerful nations on earth, namely the United States, the United Kingdom, France, China and Russia (the five permanent members of the United Nations Security Council). We decided on these five nations because their status as permanent Security Council members is an easily identifiable category.
We plan to prepare a list of figures representing the effect of the GFC on the six nations. These will be basic before-and-after numbers detailing Gross Domestic Product (GDP) of each country prior to and following the GFC. We will then represent these numbers as a world map, with each nation scaled according to their economic wealth prior to the GFC (Visual 1). The second visual representation will detail how much each nation lost during the period of economic recession. This will be represented by a ‘black hole’ that will appear in the middle of each nation’s picture in the world map (Visual 2). The black hole will represent how much of the GDP (shown as the land mass of each country) was lost during the GFC.
The nations will then be compared as in Visual 1 but with adjusted size and scale according to their losses incurred during the GFC. By showing and comparing these visualisations, we aim to represent how well Australia actually performed during the GFC relative to five of the major economic powers. Hopefully, we can see proof of the claims that Australia performed better than many of these nations.
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