Businesses step up while households go on strike

The recent shift in the composition of GDP growth in Australia has important consequences for the outlook for next year. While businesses will support growth by more than in any year since 2012, smaller contributions from households and homebuilders will limit overall GDP growth to around 2.5%. That would be up from about 2.2% this year, but it would fall short of the RBA’s 3.0% forecast.

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