Deloitte: Infrastructure boom ovaaaaaaaaa!

Monday 4 February 2019

It is not raining on the Aussie economy right now, it is pouring. As we’ve been saying for some time, the public infrastructure surge that has driven what we called the “Botox Boom” in the Aussie economy for two years is now over. Via Deloitte:

Deloitte Access Economics Investment Monitor: infrastructure spending set to peak

4 February 2019: While a number of factors support a view that business investment could lift more sharply than currently forecast over the next year or two, Deloitte Access Economics’ latest Investment Monitor is predicting slower growth.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.