Aug
12

Business Boost

investGDP growth over the next year will be largely determined by the rate of growth in gross private domestic investment. It’s composed of spending by firms on tools, machinery and factories, as well as residential construction and inventory changes. Inventories have been very volatile and unhelpful; residential construction remains weak. But there’s high hope for corporate spending. If its growth rate rises by 5%, GDP rises by 0.75%! It’s huge.

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