The fourth-quarter Business Outlook Survey indicates that, while more businesses expect future sales growth to pick-up as they plan to increase investment in machinery and equipment, their modest hiring plans remained broadly unchanged. Overall, the survey results suggest that modest growth in business investment should partially offset the slowdown in the household sector, but won't be enough to prevent GDP growth to weaken from an estimated 2.0% last year, to only 1.2% this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services