And while I have suggested some reasons why business investment might not be quite as strong as past episodes of recovery might suggest, these don’t imply that the economy overall will be less strong than otherwise, but rather just one element of expenditure that we measure via the national accounts. BIS central bankers’ speeches  11
Fünfter Bericht an den Deutschen Bundestag zur Finanzstabilität in Deutschland, June 2018. International Monetary Fund – IMF (2018) World Economic Outlook Update, July 2018.