After a few years of abysmal business-sector investment spending, it appears as though the drought has broken. After picking up in 2017, business fixed investment climbed a robust 10 percent at an annual rate in the first half of this year, likely supported by lower corporate tax rates and other incentives in last year's tax bill.
1/5  BIS central bankers' speeches  Given these considerations, our baseline forecast is that the unemployment rate continues to increase, reaching around 10 per cent later this year. Unemployment would have been substantially higher if it were not for the JobKeeper and other income support programs.