The rate of expansion in private investment has fallen from 13 per cent in the first half of last year to 3 per cent. For the first time since the end of 1998 pre-tax corporate earnings have declined.
BIS Review 9/2001  1  In the last quarter of 2000 there was a further slowdown in economic growth: GDP growth on an annual basis dropped to 1.4 per cent, reflecting the slowdown in consumption and a contraction of nearly 2 per cent in investment.