Should we be on guard for the so called "Per Capita Ression"?

A survey suggests consumer confidence crumbled last week after GDP figures pointed to a reduction in living standards for two consecutive quarters, as the GDP results showed the Australian economy had entered a so-called per-capita recession, ANZ analysts say. Ivan invited Dr. Wei Li from Sydney University Business School to help us to understand what is "per-capita recession", and whether or not we should be alarmed of the future economic prospective?

Counting money Source: AAP Image/Alan Porritt