It is only recently that researchers have started to focus more strongly on the interaction between the financial sector and the real economy. Yet that isn’t the only moral of the story of the lost keys.
Growth in capital outlays by private business enterprise slowed for the first time since the fourth quarter in 2011, and was mostly evident in the mining and manufacturing sectors. Gross fixed capital formation, expressed as a percentage of GDP remains low at 19.3 per cent, compared to the high of 24.6 per cent achieved in the fourth quarter of 2008.