We expect GDP growth to pick up to average a bit above 3 per cent over 2018 and 2019 (Graph 3). If these forecasts are realised, it would represent a better outcome than has been achieved for some years now. This more positive outlook is being supported by an improving world economy, low interest rates, strong population growth and increased public spending on infrastructure.
All these things are 3 / 12  BIS central bankers' speeches  helping. Encouragingly, the outlook for business investment has brightened. For a number of years, we were repeatedly disappointed that non-mining business investment was not picking up.