Looking at respective regions, the U.S. economy is expected to gradually see an acceleration in its pace of recovery, led mainly by domestic demand, as the fiscal drag will gradually fade. The European economy is expected to gradually pick up on the back of recovery in exports in tandem with a pick-up in domestic demand.
The other notable fact from Table 1 is that the funding for the Australian resources boom has been sourced extensively from overseas. At face value, given the share of foreign companies involved, the analysis implies that around half of the investment during the boom has been funded from offshore. However, the actual use of foreign sources of funds is much higher than that.