Wednesday, March 21, 2007

Relying on the growth of government

This is a good overview of the economy from Berl.

Business investment had been the main driver of growth in the past three to four years, but that had faded. Real business investment fell almost 12 per cent in the September quarter last year, compared with the year before.

Public sector spending is expected to be more robust, adding to growth in the next few years.

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