It's not just a drop in GDP that should worry us
- Written by Ross Guest, Professor of Economics and National Senior Teaching Fellow, Griffith University
It seems like we haven’t had much good economic news lately. This was neatly summarised in the drop in national output (GDP) of 0.5% due to weak investment, both private and public.
Private investment is unexpectedly weak across most categories. New building investment fell by 11.5%, construction investment fell by 3.6%, while mining...